Tesla's electric vehicles likely would not qualify for California's new state tax credits under a proposal in the works if President-elect Donald Trump scraps the federal tax credit for EV purchases,

California Gov. Gavin Newsom said he'll restart a rebate program if Trump ends the federal EV tax credit, but Tesla models could be excluded.

Tom Wait takes an in depth look at California Governor Gavin Newsom's announcement that the state would look to renew a rebate program for electric vehicle owners if president-elect Donald Trump's administration nixes the current federal tax credit.