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Trump Plans to Eliminate EV Tax Credit
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems
The Federal EV Tax Credit Will Be Eliminated By Trump Administration
President-elect Donald Trump’s transition team is reportedly planning to eliminate the $7,500 federal tax credit for electric vehicle purchases as part of a larger tax reform effort.The most recent version of the credit was introduced as part of President Joe Biden’s Inflation Reduction Act to encourage EV adoption and is now in the crosshairs of an energy-focused policy group,
Trump team puts EV tax credit on the block, Tesla is on board: Report
Some electric vehicles and plug-in hybrids are set to get less affordable from next year, it seems. As expected, the incoming Trump administration has set its sights on killing off the IRS clean vehicle tax credit, according to a report in Reuters this afternoon.
4h
Eliminating The Electric Vehicle Tax Credit Would Be A Huge Mistake
Tesla may stand to gain from the removal, but legacy automakers and emerging EV companies could be left struggling to stay ...
devdiscourse
3h
Impact of Cancelling the U.S. Electric Vehicle Tax Credit
U.S. Energy Secretary Jennifer Granholm argues that cancelling the electric vehicle tax credit will harm U.S. competitiveness ...
1h
Tesla Stock Edges Up. Are Trump EV Tax Credit Concerns Weighing on the Shares?
The electric-vehicle purchase tax credit makes buying Teslas and other EVs more affordable for most car buyers.
3h
on MSN
Rescinding US EV tax credit would cede ground to China, Granholm says
Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S.
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