You can find the fact sheet from the author of the bill (Phil Ting, D-San Francisco) here.

The 2018 version of the bill, AB 1745, the Clean Cars 2040 Act provides that starting with the 2040-model-year, new passenger vehicles sold in California must be zero emissions vehicles, or “clean” vehicles. People can keep, sell and purchase 2039-model-year and older gasoline vehicles without restriction. Vehicles weighing more than 10,000 pounds are not covered by the bill. People who already owned a 2040-model-year or later gasoline vehicle who move to California can keep their vehicle.

You can view the major benefits of the bill listed here.

The bill has been referred to the Assembly Transportation Committee. This Committee plans to hold a hearing and vote on the bill on April 16, 2018. If the bill gets at least 8 votes, it will move on to the full Assembly.
This bill will signal the end of the gasoline era, and the transition to vehicles powered by clean fuel. It will address the biggest source of human-made air pollution, as well as the biggest source of human-made carbon emissions. It will disincentivize coastal oil drilling and oil pipeline infrastructure. It will move billions of dollars from foreign oil to local electricity. And by providing a certain sunset date, it will allow utilities, automakers, governments and businesses to prepare for a smooth, orderly, and economical transition.
Yes. We already have the technology to do this and with the certainty that this bill will create, there will be additional innovation, improvements, and infrastructure developed. We can do this by 2040, and probably a whole lot sooner.
Yes. Clean vehicles, mostly electric vehicles, are already a viable option for many Californians. The progress that will come from this bill will make it the norm to drive a zero emissions vehicle. It will simply be a fuel switch that means cars will no longer pollute our air. This bill will pave the way for all vehicles in California to be clean.
Yes. India, Great Britain, Germany, France and Norway all have plans to phase out gasoline vehicles by 2040 or sooner. China is working to determine the year for its phase-out. And Austria, Denmark, Ireland, Japan, the Netherlands, Portugal, Korea and Spain have set official targets for electric car sales.
Yes. Virtually every automaker is committing to rolling out a variety of additional clean vehicle models over the next 5 years — even sports cars. This bill will give automakers certainty that there will be a guaranteed market for clean vehicles by 2040 or sooner, and spur them to come out with even more selection. There is already a great range of electric vehicles out right now.
Yes. EV battery costs have been steadily falling, and are expected to keep falling. Electric vehicle prices are largely determined by the cost of the battery and because of this ongoing reduction, financial analysts predict that the purchase price of new EVs will be the same as (or less than) comparable gas cars by 2025, even without incentives and subsidies. Some predict price parity will come as early as 2020 or 2022.That’s assuming the batteries continue to be lithium ion. Technology breakthroughs in lithium iron oxide and solid state batteries could mean even lower prices.

Also, bans on gasoline vehicles in other countries will ultimately drive EV costs down. Many countries, including India, France and Great Britain, are banning gasoline vehicles by 2030 or 2040. China plans to lead the electric vehicle revolution. In response, most automakers are already committing to electrify their fleets. As automakers increase production to serve the growing global demand for EVs, they’ll gain economies of scale. This will enable them to lower their prices to compete for market share.

Already today, electricity is cheaper than gasoline – In California, average fuel savings are $752/year with electricity instead of gasoline; it costs around half as much to fuel an EV. Even assuming you pay extra to charge at public charging stations 20% of the time (such as when traveling longer distances), fuel costs are still less than for gasoline.

California utilities offer a 30% to 35% discount on electricity rates for low income customers, reducing the price of fueling an EV even further.

EV drivers can also get their electricity from free sunshine from solar panels. California programs provide rooftop solar for low income home owners and renters for free or at a reduced rate.

Electricity will continue to be cheaper than gasoline. Electricity is highly regulated and locally generated from a variety of sources. Electricity prices have been largely stable (around $1 per gallon equivalent), and are forecast to remain so, especially since renewable sources, which are the majority of new electricity generation coming online, are cheaper than existing fossil fuel sources.

Yes. Many electric vehicles already have enough range (100 to 200 miles) for the vast majority of people and the vast majority of trips. Every night while you sleep, your car is plugged in and “topped up” to full charge. Think about it – over the course of a year, how many times do you drive more than 100-200 miles in a day? 68% of commutes in the US are less than 15 miles each way, and 89% are less than 35 miles.For the few occasions when you need to travel a long distance in a day, fast charging stations already exist on some major corridors, and more are coming. Current fast chargers can charge to about 80% of the battery’s capacity in 20-30 minutes.

Remember that faster EV charging technology is improving rapidly. For instance, Honda is working on an electric vehicle that will charge 150 miles in 15 minutes, and Toshiba recently announced plans to commercialize by 2019 a battery that will charge to 320 km (190 miles) in 6 minutes.

If you regularly travel long distances in a single day, you may want to get an electric vehicle with a longer range. Currently, the longest range all-electric vehicles such as the Chevy Bolt EV get 238 to 300+ miles per charge, depending on driving conditions and technique. EVs are in the works that will get up to 400 miles per charge, and Tesla’s new Roadster boasts a 600-mile range. As battery technology improves and batteries become more efficient, electric vehicles may come out with even longer ranges – although you may not need them as fast-charging stations pop up around the country.

Yes. Powering your vehicle with gasoline means committing around $1,000 a year to oil interests. It has been reported that a dollar saved at the gas pump and spent on the other goods and services that households want creates 16 times more jobs. And the money you save because electricity is cheaper than gasoline is extra pocket money you have available to spend locally.
Yes. According to the US Department of Energy’s Office of Energy Efficiency and Renewable Energy, “EVs convert about 59%–62% of the electrical energy from the grid to power at the wheels. Conventional gasoline vehicles only convert about 17%–21% of the energy stored in gasoline to power at the wheels.”
Yes.There’s only one way to fuel gas cars: by pumping gasoline at a gas station. Electric vehicles, in contrast, can fuel wherever there’s either 1) electricity; or 2) sunshine and solar panels to capture it, like a solar canopy.

Unlike gas cars, electric vehicles can fuel (recharge with electricity) at home every night. According to a study from the Union of Concerned Scientists, today 56% of US households have access to home charging. 68% of commutes in the US are less than 15 miles each way, and 89% are less than 35 miles. Accordingly, 80% of electric vehicle charging is done at home — public charging stations are used only on long road trips.

Home charging is spreading to multi-family housing, too. States and cities are incorporating EV charging infrastructure requirements into their residential building codes. California’s Green Building Standards Code contains measures to ensure new multi-family developments are ready for EV charging infrastructure. Atlanta and San Francisco have passed “EV readiness” ordinances for new multi-unit developments. The city of Palo Alto requires that every unit of a new multi-family development have its own charger.

On average, our cars are parked and not in use 95% of the time. During that time, EVs can be fueling as long as there’s an electrical outlet nearby. This doesn’t require building new fueling stations; electricity is already everywhere. A growing number of employers are providing workplace EV charging for their employees. Supermarkets and warehouse stores are installing EV charging in their parking lots. The city of London is even adding electrical chargers on its street lights.

One area in which EV charging will likely need to follow the gas station model is long distance travel. The U.S. Department of Energy estimates that 6.8 fast chargers would be needed for every 1,000 EVs. This infrastructure is already being developed. The West Coast Electric Highway has hundreds of fast charging stations, enabling easy EV travel from Southern California to British Columbia. And seven other Western states are developing highway charging infrastructure along their major corridors. As part of VW’s settlement of its fraudulent diesel emissions scheme, Volkswagen will spend $2 billion on additional charging infrastructure in the US, including 240 fast-charging stations along highway corridors. Governor Brown recently issued an Executive Order calling for the state to add 250,000 new electric vehicle charging stations.

Shell Oil is adding EV charging at its gas stations, and planning for 20% of its fuel revenues to come from EV charging stations and low carbon fuels by 2025. If other oil companies follow suit, we may not need to build many new EV charging stations at all.

Yes. The bill will help our state shift to clean vehicles, and thereby enable millions of people (2.5 million in Southern California alone), mostly communities of color, who live near roadways, to breathe cleaner air. It will help disadvantaged communities especially avoid the health impacts of gas car emissions, including asthma, heart and lung disease, dementia and cancers, and related educational, financial, and quality-of-life detriments.

And driving electric vehicles instead of gasoline ones will expand options for low income residents to lower their vehicle fuel costs via discounted electricity rates and discounted solar panels and solar for affordable housing (vs gasoline, which costs the same for everyone).

Yes. They will be able to comply, especially give the 22 year lead-time, just like they have with other regulations that improved the health and safety aspects of our vehicles, like regulations around unleaded gasoline, catalytic converters, seat belts and air bags. They will have to manufacture clean cars anyway to satisfy regulations in India, France, Germany, Great Britain, Norway, China and many other countries. For U.S. automakers to stay competitive, it will be critical for them to come out with a wide array of clean cars. The Clean Cars 2040 bill will ensure that they have a market for these vehicles in the U.S. as well.

Yes. Combustion engine vehicles emit both carbon dioxide and air pollution from the tailpipe. Electric cars don’t emit carbon dioxide or air pollution — they don’t have a tailpipe and therefore don’t emit volatile organic compounds from their tailpipe. And the global warming emissions from an electric vehicle are less than those of a gas car, even when considered across the lifetime of the vehicle – from manufacture to disposal/reuse. Even in those parts of the US where when some of the power to make electricity still comes from burning coal, all told electric vehicles are still cleaner. Finally, it’s important to note that while burning gasoline will always emit 20 pounds of CO2 per gallon, the electric grid is getting electricity from cleaner sources every year.