California’s Tech Millionaires Split on Tax Plan to Fund EVs

On Nov. 8, California voters are set to decide on a state ballot initiative that’s theoretically about fighting climate change. Behind the scenes, though, Proposition 30 has become an awkward fight of its own, in which the tech industry is battling itself.

On one side is Lyft Inc., which has dumped $45 million into passing Proposition 30. That’s the most it’s spent since the 2020 California initiative it supported to keep its workers classified as independent contractors instead of employees.

Opposing the measure is a bevy of wealthy individuals, many of them hailing from venture capital—in other words, people ...