Trump Wants to Kill E.V. Tax Credit. Here’s What to Know.

Trump Wants to Kill the E.V. Tax Credit. Here’s What to Know.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
Trump team reportedly looking to kill Biden's $7,500 EV tax credit
President-elect Trump's transition team is aiming to scrap the tax credit for purchasing electric vehicles enacted during the Biden administration, Reuters reports.
Is the EV Tax Credit Going Away? What You Need to Know
There's a lot of chatter about the President-elect's plans to eliminate the electric vehicle tax credit. Here's what's happening.
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
If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?
At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to wait to claim it on their taxes the following year. Now, there’s the option of transferring their credit to the dealer and getting an instant rebate.
Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
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 President-elect Donald Trump’s most prominent backers.
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.
Trump Is Likely to Kill the $7500 EV Tax Credit. Elon Musk Is OK With That.
Getting rid of the federal rebate could devastate the electric vehicle industry, but Tesla CEO Elon Musk doesn't mind. Here's why.
Tesla Puts Incentives On Blast, As Tax Credit Comes Under Threat
Tesla is making it clear that the tax credit is critical to Model Y and Model 3 pricing. The price with the incentive is now ...
Illinois homeschoolers worry Trump tax credit could lead to state regulation
Homeschool groups have concerns about President-elect Donald Trump’s proposed tax credit as Illinois lawmakers look at ...
Rivian Stock Is Down Again on Tax Credit Fears
An end to U.S. EV tax credits is unlikely to doom Rivian altogether. Its $5.8 billion deal to share technology with German ...
Could Louisiana's loss be Texas' gain? Film tax credit up in the air.
Back in 2021, 50 Cent announced he was living in Houston. Not only that, but many were hoping that the rapper born Curtis ...
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Shreveport city council member travels to Baton Rouge to share support for film tax credit
SHREVEPORT, La. (KSLA) - Louisiana’s film tax credit remains up for discussion in the Senate, and Shreveport City Council ...
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What the 2024 Election Results Mean for the Child Tax Credit
Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...
Losing the $7,500 Electric Vehicle Credit Could Be Devastating to Tesla
President-elect Trump wants to eliminate the $7,500 tax credit on electric vehicles, which would hurt Tesla the most.