Two market-based programs add about a quarter to every gallon of fuel purchased in the Golden State, but don't expect to see the prices listed anywhere. Furthermore, costs to comply with the Low Carbon Fuel Standard are expected to increase.
Eying European and Asian countries that have set, or are considering timelines to ban sales of cars that emit greenhouse gases, the California governor asked his chief air regulator to see why California couldn't follow suit.
Sometimes market-based systems don't work as intended. This appears to be the case with the California Air Resources Board's program of awarding credits to zero emission and near zero emission vehicles. Tesla's success is bad for the market.
Gas prices are down and sales are up, and greenhouse gas emissions from transportation, the largest source of the state's emissions, are up, even though overall they dipped. In addition to increased driving, sales of EVs and hybrids dropped.