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EV Tax Credits Are in Trump’s Crosshairs The more immediate and consequential impact a second Trump term could have on U.S. car buyers would affect anyone considering going electric.
The impact could be significant: In August 2024, the White House said more than 250,000 Americans have claimed the IRA’s electric vehicle tax credit since January, saving these buyers about $1.5 ...
Prospective car buyers considering an electric vehicle may need to act fast to get a Biden-era EV tax credit worth up to $7,500, due to the likelihood that President-elect Donald Trump and ...
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of ...
Among Trump's campaign promises is a plan to dismantle the Biden Administration's EV tax credits, which have helped drive down the cost of EVs this year as the vehicles remain frustratingly expensive.
Reuters reported that Trump's transition team had drawn up plans to end the $7,500 consumer tax credit for EV sales as part of broader tax legislation. Tesla stock dropped by 5%, to $312.20 a share.
California Gov. Gavin Newsom (D) said Monday the state of California will intervene if President-elect Trump eliminates the electric vehicle tax credit passed under President Biden. “Consumers ...
Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle purchases and that he would be open to naming Tesla ...