California has launched a new $2.5 billion plan to spur electric vehicle adoption in the state with major milestones.
Announced last Friday, the plan, signed into an executive order by California Governor Jerry Brown, calls for 40 percent of all new vehicles to be zero-emission by 2030.
For perspective's sake, this figure represents a 1500-percent increase over the number of electric vehicles on California highways today.
A previous target, announced by Gov. Brown on Oct. 2016, was 1.5 million zero-emission vehicles by 2025.
Other divestments mentioned in the executive order include $2.5 billion over eight years to install 250,000 charging stations and 200 hydrogen fueling stations in the state. On the rebates side, Gov. Brown also proposed an electric vehicle rebate program extension, awarding credits of $2,500 for passenger-electric vehicles and $5,000 for hydrogen fuel cell vehicles.
This marks the second plan in less than a week by state governments to invest in electrification.
Last week, Colorado governor John Hickenlooper announced a new five-year Electric Vehicle Plan in conjunction with the Colorado Department of Transportation and various energy councils. This plan will focus on EV education, expand EV charging along a multi-state Intermountain West Electric Corridor, and increase Colorado's total EV market share, which currently sits at eighth place in the nation.
Last Thursday, Brown remarked on the plan in his State of the State speech.
"The goal is to make our neighborhoods and farms healthier, our vehicles cleaner — zero emission the sooner the better — and all of our technologies increasingly lowering their carbon output," said Brown. "We've all got a lot of work. And think of all the jobs, and how much cleaner our air will be then."
NEXT: TRAVIS KALANICK COMPLETES SALE OF $1.4 BILLION UBER STAKE TO SOFTBANK
WATCH
