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(The Center Square) - California Gov. Gavin Newsom said if President-elect Donald Trump ends the $7,500 electric vehicle rebate program, he’ll get Californians to pay for new credits. However, the credits would not include Tesla, which is the most popular EV company and the only EV manufacturer in the state. This comes weeks after Newsom and his administration passed new refinery and carbon credit regulations that will add up to $1.15 per gallon of gasoline and require Californians with gasoline-powered cars to earn up to another $1,000 per year in pretax income to afford. “We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,” said Newsom in a statement. Tesla CEO Elon Musk, whose rocket launches were recently blocked by a California regulatory board that cited his personal politics, shared his disapproval on his social media platform, X, after Newsom staff told Bloomberg that Tesla models would not qualify for California rebates. “Even though Tesla is the only company who manufactures their EVs in California,” said Musk. “This is insane.” Musk recently moved SpaceX and X out of California, citing a new law signed by Newsom banning parental notification for gender change requests from K-12 students. The credits would be paid for through California’s cap-and-trade program, which requires carbon emitters to purchase credits from the state — costs which are generally passed on to consumers in the form of more expensive gasoline, energy, and even concrete. Emitters buy a few billion dollars worth of credits from California each year, with the state’s $135 billion high speed rail project getting the lion’s share of the revenue. The California Resources Board — all but two of whose voting members are appointed by the governor — recently approved $105 billion in EV charging credits and $8 billion in hydrogen charging credits to be largely paid for by drivers of gas cars and diesel trucks. An investigation by The Center Square found the change was pushed by EV makers and the builders of EV charging systems. Buyers of EV chargers, who pay for the energy and own the charger, sign installation contracts that permanently give away their rights to government or other EV charging credits generated from fueling a vehicle with electrons instead of gasoline. These chargers are often bundled with the purchase of an EV, or covered entirely by utility or government rebates, meaning they are permanent, zero-or-low-cost revenue streams for the company collecting the credits.
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What Is Willow, Google’s New Computing Quantum Chip? By recently took a major leap in the technology scene as it unveiled its new computing chip, the . Also called , netizens are now highly curious about what it is and its features. Describing the chip as one of the finest processors ever, Google also mentioned that the Quantum Chip is the product of 10 years of hard work. Here is everything tech enthusiasts need to know about Willow and what are its major advantages as listed by Google. What is Google’s Williow? Willow, Google’s latest Quantum Chip, is a state-of-the-art chip that would help solve complex problems in the least time possible, which the standard computers would take years to solve. Announcing the launch of Willow, Google’s CEO Sundar Pichai took to and shared the news with the world. He wrote, “Introducing Willow, our new state-of-the-art quantum computing chip with a breakthrough that can reduce errors exponentially as we scale up using more qubits, cracking a 30-year challenge in the field.” Pichai further detailed that this Quantum chip can carry out computation within just 5 minutes which would eventually take other computers 10 septillion years to perform. Additionally, in its , Google stated that to check the performance of Willow they used the RCS (random circuit sampling) benchmark. It is the “hardest benchmark” for a quantum computer in today’s time. In the blog, the founder and lead of Google Quantum AI, Hartmut Neven stated, “Willow was fabricated in our new, state-of-the-art fabrication facility in Santa Barbara — one of only a few facilities in the world built from the ground up for this purpose.” Neven also asserted that the number of qubits used enhances the performance of the Quantum Chip. He added, “We published results showing that the more qubits we use in Willow, the more we reduce errors, and the more quantum the system becomes.” Ishita Verma is an SEO contributing writer for ComingSoon. She is passionate about delivering authentic content and holds experience in SEO content writing. Apart from her quest to ensure her content is promising, Ishita is an avid Kdrama and anime watcher. Ishita is a bibliophile and also pursues gaming as one of her favorite pastimes. Share article
New self-driving technology from Ford is helping the company keep up with a changing EV landscape and the company is seeing success in Arizona. FOX 10's Steve Nielsen has a first-hand look. Ford's new Mustang Mach-E is the company's latest push into the electric vehicle landscape. The new tech introduces a self-driving mode called BlueCruise. Automakers are bullish on EV technology despite threats from the Trump administration to abolish a $7,500 tax credit for EVs. PHOENIX - Pretty cool new technology from Ford is an example of where the EV world is headed right now. No hands on the wheel, no feet on the pedals and the car drives just fine. In a Phoenix parking lot, Ford executives are showing off their latest and greatest in electric vehicles : the F150 Lightning and the Mustang Mach-E. While nationally, Mach-E sales have grown and Lightning sales have lagged, Arizona is one of their best markets. "We're up 49% in sales in Arizona alone on this vehicle year over, and F150 Lightning is up 33 percent," said Stacey Ferreira. Stacey Ferreira is Director of retail sales, execution and innovation with Ford's electric vehicle division. She took FOX 10's Steve Nielsen on a test drive of the Mach-E. Their self-driving mode is called BlueCruise, and it all starts with just the push of a button in various driving conditions. The impressive tech comes at a precarious time for the electric vehicle landscape. Automakers are trying to lure consumers that are resistant to tech. For Ford, that means offering buyers free at-home chargers with free installation. For people that use it, they easily become adapted to it. It’s just a matter of answering the question of how you get someone who’s never done something before to get over that hurdle of doubting the unknown. Our state has invested heavily in EVs. Featured Lucid Motors, Arizona-based EV company, announces facility expansion, SUV Lucid Motors, an Arizona-based EV company, announced a major facility expansion in Casa Grande and an SUV it describes as "the most advanced electric SUV in the world that's ever been." With Lucid in Casa Grande , Nikola in Coolidge and battery makers all around, Arizona has bought into EV technology. But the incoming Trump administration has suggested scrapping the $7,500 tax credit for EVs. "I would say if consumers are interested in getting an EV and they think they can take advantage of the tax credit, they still have time in this calendar year to go get that," said Ferriera. Featured Arizona EV companies still confident amid signs of industry slowdown News that Tesla is laying off 10% of its workforce came as the electric vehicle industry has shown signs of a slowdown for several months, but heads of EV-related companies in Arizona are still optimistic about the industry. Behind the wheel, the car goes 0-60 in 3.3 seconds. We confirmed that on an on-ramp. Stacey says Ford is fully committed to their EV lineup no matter the politics in D.C. "I don’t have a crystal ball, I can’t see what’s going to happen next year. So, I would say if you want one, now is the perfect time," she said. Information for this story was provided by Ford Motor Company and gathered by FOX 10 Reporter Steve Nielsen.HP Inc. stock underperforms Thursday when compared to competitors
Boxing Day shopper footfall was down 7.9% from last year across all UK retail destinations up until 5pm, MRI Software’s OnLocation Footfall Index found. However, this year’s data had been compared with an unusual spike in footfall as 2023 was the first “proper Christmas” period without Covid-19 pandemic restrictions, an analyst at the retail technology company said. It found £4.6 billion will be spent overall on the festive sales. Before the pandemic the number of Boxing Day shoppers on the streets had been declining year on year. The last uplift recorded by MRI was in 2015. Jenni Matthews, marketing and insights director at MRI Software, told the PA news agency: “We’ve got to bear in mind that (last year) was our first proper Christmas without any (Covid-19) restrictions or limitations. “Figures have come out that things have stabilised, we’re almost back to what we saw pre-pandemic.” There were year-on-year declines in footfall anywhere between 5% and 12% before Covid-19 restrictions, she said. MRI found 12% fewer people were out shopping on Boxing Day in 2019 than in 2018, and there were 3% fewer in 2018 than in 2017, Ms Matthews added. She said: “It’s the shift to online shopping, it’s the convenience, you’ve got the family days that take place on Christmas Day and Boxing Day.” People are also increasingly stocking-up before Christmas, Ms Matthews said, and MRI found an 18% increase in footfall at all UK retail destinations on Christmas Eve this year compared with 2023. Ms Matthews said: “We see the shops are full of people all the way up to Christmas Eve, so they’ve probably got a couple of good days of food, goodies, everything that they need, and they don’t really need to go out again until later on in that week. “We did see that big boost on Christmas Eve. It looks like shoppers may have concentrated much of their spending in that pre-Christmas rush.” Many online sales kicked off between December 23 and the night of Christmas Day and “a lot of people would have grabbed those bargains from the comfort of their own home”, she said. She added: “I feel like it’s becoming more and more common that people are grabbing the bargains pre-Christmas.” Footfall is expected to rise on December 27 as people emerge from family visits and shops re-open, including Next, Marks and Spencer and John Lewis that all shut for Boxing Day. It will also be payday for some as it is the last Friday of the month. A study by Barclays Consumer Spend had forecast that shoppers would spend £236 each on average in the Boxing Day sales this year, but that the majority of purchases would be made online. Nearly half of respondents said the cost-of-living crisis will affect their post-Christmas shopping but the forecast average spend is still £50 more per person than it was before the pandemic, with some of that figure because of inflation, Barclays said. Amid the financial pressures, many people are planning to buy practical, perishable and essential items such as food and kitchenware. A total of 65% of shoppers are expecting to spend the majority of their sales budget online. Last year, Barclays found 63.9% of Boxing Day retail purchases were made online. However, a quarter of respondents aim to spend mostly in store – an 11% rise compared with last year. Karen Johnson, head of retail at Barclays, said: “Despite the ongoing cost-of-living pressures, it is encouraging to hear that consumers will be actively participating in the post-Christmas sales. “This year, we’re likely to see a shift towards practicality and sustainability, with more shoppers looking to bag bargains on kitchen appliances and second-hand goods.” Consumers choose in-store shopping largely because they enjoy the social aspect and touching items before they buy, Barclays said, adding that high streets and shopping centres are the most popular destinations.VIQ Solutions Announces Retirement of Director and Chief Operating Officer