CA SB348

Requires the State Air Resources Board to reconsider and revise the Low Carbon Fuel Standard (LCFS) program by January 31, 2026, to reduce financial burdens on California drivers

Mandates a complete analysis of carbon credit costs passed through to drivers, including comparison to previous cost evaluation methodologies and explanation of why those were insufficient

Directs the board to prioritize policy changes benefiting individual drivers, including revising carbon credit structures such as multiplying credit generation for certain pathway classes aligned with state priorities

Requires evaluation of how LCFS changes could prioritize in-state projects and benefits, with description of any state or federal law limitations

Requires analysis of impacts that adjusting the credit price cap for the Credit Clearance Market would have on program costs and investment capabilities