Trump Plans to Repeal $7,500 EV Tax Credit: Here's How He Could Do It
With a Republican-controlled Congress, there is 'definitely a path to repeal,' sources tell PCMag. But that could threaten jobs at EV manufacturing plants in red states.
Trump’s Tax Plans
In 2017, President Donald Trump signed a major tax cut. To contain its cost, Republicans scheduled many of the provisions to expire after 2025, betting that a future Congress would continue them.
EV companies, battery makers urge Trump not to kill vehicle tax credits
A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.
US EV Tax Credit Will Be Eliminated, Trump Transition Team Reportedly Says
The tax credit, which has given back up to $7,500 to eligible EV buyers, may disappear under the new administration.
Trump’s transition team plans to cut Biden's EV Tax Credit
With an eye on tax reform, Trump’s team plans to eliminate a key $7,500 federal electric vehicle subsidy, potentially reshaping the U.S. EV market.
Exclusive: Trump's transition team aims to kill Biden EV tax credit
President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
Why Musk supports Trump getting rid of EV tax credits
Elon Musk has said ending tax credits of up to $7,500 for electric vehicle purchases would "devastate" Tesla's competitors.
Donald Trump Deals a Blow to EV Tax Credits
Good morning. Automakers slump amid Donald Trump’s plans to repeal an electric vehicle subsidy. ESG investing is entering rough seas. And a missing Patek Philippe owned by John Lennon is headed back to its rightful owner: Yoko Ono.
Trump plans to kill EV tax credit, Reuters reports
Shares of electric vehicle dropped following a report that President-elect Donald Trump's transition team plans to kill the $7,500 consumer tax credit for EV purchases.
Ford, GM move lower after report of Trump killing EV tax credit
GM move lower after report of Trump killing EV tax credit Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on Ti
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