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The post California Will Give You $3,500 To Buy A New EV appeared on BitcoinEthereumNews.com. General Motors’ electric Chevrolet Blazer at a dealership in Colma, California. © 2026 Bloomberg Finance LP Sales of electric vehicles are booming worldwide, but have plunged in the U.S. since the Trump administration eliminated a $7,500 federal rebate last year. California, whose residents buy about a third of EVs sold in the country, hopes to rectify that with a new incentive it’s about to launch. A state budget that went into effect on July 1 includes $135.5 million earmarked to defray some of the cost of battery-powered models. It provides first-time buyers of new electric cars and light trucks priced up to $50,000 with a $3,500 rebate–half covered by those state funds, with automakers providing the other half. The $50,000 price limit, however, is waived for EVs made by California-based companies such as Rivian and Lucid, whose cheapest models currently cost $58,000 and $71,000, respective
Read full articleCalifornia's new law may set a precedent for increased corporate taxation, potentially influencing future wealth tax initiatives and public welfare funding. The post California enacts law to increase corporate taxes for Medi-Cal funding appeared first on Crypto Briefing.
The post Used EVs keep getting more expensive amid Iran war, high gas prices appeared on BitcoinEthereumNews.com. Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026, in South Pasadena, California. Mario Tama | Getty Images DETROIT — The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company on Wednesday reported that its Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% last month compared with June 2025. That compares with a 1.7% increase for non-EVs over the same period. Wholesale EV prices have increased every month this year, leading to an 11.5% jump in average pricing to roughly $30,400, according to Manheim. Non-EVs, meanwhile, have seen a less than 1% increase this year in average pricing, to $19,125, Manheim said. The average used EV listing price
The post California Man Allegedly Drains $84,000 From Elderly Victim After Masquerading As McAfee Security Representative appeared on BitcoinEthereumNews.com. California Man Allegedly Drains $84,000 From Elderly Victim After Masquerading As McAfee Security Representative – The Daily Hodl No Result View All Result Source: https://dailyhodl.com/2026/07/08/california-man-allegedly-drains-84000-from-elderly-victim-after-masquerading-as-mcafee-security-representative/
A Rosemead resident is now in custody after allegedly posing as a McAfee Security representative to steal tens of thousands of dollars in cash from a 70-year-old Camarillo man. The victim says he reported the theft to police in May 2026 after receiving a phone call from someone claiming to be from the security software […] The post California Man Allegedly Drains $84,000 From Elderly Victim After Masquerading As McAfee Security Representative appeared first on The Daily Hodl.
The post Report: US Firms Shift to Chinese AI After Trump Administration Curbs on Anthropic Models appeared on BitcoinEthereumNews.com. Key Takeaways On June 12, the U.S. Commerce Department imposed abrupt export controls on Anthropic’s Claude AI models. The regulatory directive forced global firms to adopt Chinese open source AI models to maintain operations. Anthropic will begin restoring global user access on July 8 following an intensive federal security review. Export Controls Spark Disruption American companies dramatically increased their use of Chinese open-source artificial intelligence models following recent U.S. government restrictions on domestic frontier AI systems, according to a report by Nikkei Asia. The surge highlights the unintended market consequences of Washington’s aggressive regulatory interventions, which critics warn could inadvertently bolster Beijing’s position in the global technology race. The spike in adoption followed a June 12 directive from the U.S. De
A recent U.S. directive placing strict export controls on Anthropic’s advanced AI models over national security concerns unexpectedly drove American and global corporations to use Chinese open-source alternatives. Export Controls Spark Disruption American companies dramatically increased their use of Chinese open-source artificial intelligence models following recent U.S. government restrictions on domestic frontier AI systems, according […]
The post Trump Administration Approves Rollout of OpenAI’s GPT-5.6 appeared on BitcoinEthereumNews.com. The Trump administration has approved a broad rollout of OpenAI’s advanced GPT-5.6 model. OpenAI has announced that the wider release will happen on Thursday, July 8, after additional testing and government meetings. AI models have been under increased scrutiny of late, with Anthropic’s Fable 5 released and then recalled at the direction of the Trump administration. A Staggered Rollout Reaches Its Next Stage OpenAI agreed to a staggered GPT-5.6 release last month at the government’s request, limiting initial access to a small group of vetted partners. The company later confirmed that most users still lacked access even after its official unveiling in June. The reported Commerce Department clearance would lift those restrictions and open the model to a wider audience by Thursday. The scope of the additional testing and the officials involved in the review have not been disclosed. GPT-
The lifting of restrictions on GPT-5.6 could accelerate its integration into tech platforms, impacting market dynamics and innovation pace. The post Trump administration lifts restrictions on OpenAI’s GPT-5.6: Axios appeared first on Crypto Briefing.
