Trump's transition team aims to kill Biden 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. Now, it seems President-elect
Trump's transition team aims to kill Biden EV tax credit, sources say
Trump campaigned on ending Biden's "EV mandate," without spelling out specific targeted policies. The energy-focused transition team has determined some of Biden's clean-energy policies will be tough to end because they are popular and already funneling money to Republican-dominated states, the sources said.
Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit
Shares of Tesla and other electric vehicle makers fell Thursday after a report President-elect Donald Trump and his transition team are planning to end a $7,500 EV tax credit.
EV makers slide on report Trump wants to scrap EV tax credit
Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax legislation, Reuters reported.
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.
Tesla supports killing $7,500 EV tax credit – going directly against its mission
Tesla reportedly supports the Trump administration’s plan to kill the $7,500 federal tax credit for electric vehicles – something
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.
Tesla, Rivian Drop on Report Trump Wants to End EV Credit
US auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.Most Read from BloombergUnder Trump,
Trump Transition Team Aims To Gut The $7,500 EV Tax Credit: Report
Former and future President Donald Trump isn't in office yet, but his transition team is already taking aim at a cornerstone of American EV policy. If Trump gets his way, the longstanding $7,500 EV tax credit is getting axed, a new report indicated today based on statements from transition team sources.
Trump to kill EV tax credit, ‘devastating’ industry
Ending the dollar incentive to buy EVs could have grave implications for an already stalling US green transition. But it would probably benefit Elon Musk’s Tesla.
Trump Is Reportedly Planning to Nix Federal EV Tax Credits
The federal tax incentives were part of the Inflation Reduction Act, which was passed by the Biden Administration. According to Reuters, two unnamed sources who are familiar with the plan claim that Trump's team aims to pass wider tax-reform legislation that will include nixing the federal subsidy for eligible EVs and plug-in hybrids.
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 ...
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Cheap, pre-owned EVs are about to flood the market. Is that a good thing?
The EV market could get a huge influx of cheaper cars — but not fresh from the factory. In its latest EV intelligence report, ...