Donald Trump Could Change the EV Tax Credit

What's Going to Happen to the EV Tax Credit?
President-elect Trump might try to eliminate the $7,500 tax credit for electric vehicles, but there's still time to make the most of it.
What would losing the EV tax credit mean for consumers and carmakers?
President-elect Trump has indicated he will eliminate a $7,500 tax credit for electric vehicle purchases. That could make cars more expensive for consumers and for manufacturers.
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.
Why Does Elon Musk Support Ending EV Tax Credits? Here Are Two Reasons
Tesla CEO Elon Musk has reportedly endorsed President-elect Donald Trump's plans to eliminate federal electric vehicle tax credits, raising questions about why the presidential advisor would support policies that might not help Tesla.
Trump's threat to axe EV tax credit could hurt workers in battleground Michigan
Former President Trump is taking aim at electric vehicles, vowing to cut the $7,500 tax credit passed under President Biden for new EV purchases or leases. The move could have significant consequences for autoworkers in Michigan,
Ending tax credit could cut EV sales by 27%, report says
Automakers have moved factories to the U.S. in response to the tax credit, and that’s created tens of thousands of jobs.
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.
Trump’s Push to Eliminate EV Tax Credits Hits GOP Lawmakers’ Home States
President-elect Donald Trump’s vow to repeal subsidies for electric vehicles risks pushing Republican congressional allies into conflict with their home-district economic interests.
How Donald Trump Could Change the EV Tax Credit, According to Car Expert Doug DeMuro
Doug DeMuro is a San Diego, California-based automotive columnist, author, internet entrepreneur and influencer. His YouTube channel boasts 4.88 million subscribers. On a recent episode of "This
Des Moines Register18d
Trump's transition team aims to kill Biden EV tax credit, sources say
Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives ...
Autoblog24d
Federal EV tax credit at risk — how much does it really drive sales?
With prices rising, the $7,500 federal EV tax credit can offer some much-needed relief for prospective buyers. Now, that credit is on the chopping block. Since the incoming Trump ...
Fast Company29d
If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?
Trump wants to get rid of the EV tax credit—and it’s possible that he’ll convince the incoming Republican Congress to go along with that plan. But what does that mean if you buy an electric ...
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Here’s how Trump could affect Tennessee auto industry, businesses see sluggish EV sales
President Joe Biden's administration implemented a $7,500 consumer tax credit for electric vehicles with the passage of ...
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The death of the EV tax credit could stifle EV demand and increase gas consumption
When President-elect Trump expressed his intent to eliminate the $7,500 EV tax credit, auto stocks took a hit. According to Joseph Shapiro of the University of California, Berkeley, and Felix ...
America’s EV Future Is Increasingly in Question
A $7,500 electric vehicle federal tax credit may be slashed by the incoming Trump administration just as consumer enthusiasm ...
GM Authority2d
Chevy Equinox EV Deals In December 2024: Interest-Free Financing
Chevy Equinox EV deals include interest-free financing, special lease program, $7,500 federal EV tax credit on all-electric ...
Picking an EV can be overwhelming. 5 factors can inform your purchase — and help you save.
Different electric vehicles have different capabilities. To find the right one for you, consider your daily mileage and tax-credit options.