Trump administration readies to end Biden’s EV tax incentive, report says
Despite the expected hit to EV sales, Trump’s plan to end the incentive has received the blessings of representatives from Tesla, the best-selling EV maker in the U.S., sources quoted in the Reuters report say. Tesla CEO Elon Musk was recently appointed by the incoming administration to lead a newly-created “Department of Government Efficiency”.
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.
Currently, buyers of a new EV get a $7,500 tax credit and $4,000 for a used model, but that all could change in 2025. Here's ...
Time may be running out for Americans to capitalize on tax incentives created by the Biden administration's Inflation ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback