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Trump Plans to Eliminate EV Tax Credit

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,

TechCrunch on MSN · 8h

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

Quartz on MSN · 9h

Tesla, Rivian, and Lucid stocks are fallling as Trump plans to kill Biden's EV tax credit

Electric vehicle stocks are falling Thursday after a report detailed the incoming Trump administration’s plans to axe a tax credit for consumers buying cleaner cars.

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Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.

Rivian Automotive Inc. shares dropped 12% on Thursday ... have swirled since Trump emerged as the victor of the Nov. 5 ...

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That $7,500 Tax Credit On A Tesla Model Y Could Go Away

The Tesla Model Y is a big beneficiary of the $7,500 federal tax credit. But it may be changed or eliminated. Consumers may ...

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