We've gathered every new EV that's currently eligible to earn the full $7500 federal tax credit.
A new report suggests that President Trump will attempt to scrap the $7,500 EV tax credit when he returns to the White House next year. Tesla is said to back the move, with its CEO, Elon Musk, being a huge Trump supporter. The elimination of the tax credit could have a devastating i...
Trump told Reuters in an interview that he would tap Musk for such a position "if he would do it." But the Republican nominee also said he would consider getting rid of a $7,500 tax credit for certain new electric vehicles. That could aff...
President-elect Donald Trump’s White House reportedly plans to kill the electric vehicle tax credit, which can take up to $7,500 off the price of an EV at the federal level. Trump, who was critical of government involvement in pushing consumers to EVs during his campaign,could make the ...
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
According to the climate-focused IRA (Inflation Reduction Act), electric vehicles could qualify for the $7500 EV Tax Credit in the U.S., only if Automakers pertained to the condition of building or sourcing critical components from North America or free trade agreement countries. Afte...
Along with concern over emissions regulations, the letter from the Alliance shows that many automakers are also worried about losing the $7500 tax credit supplied under the 2022 Inflation Reduction Act. Elon Musk's Tesla is not part of the Alliance for Automotive Innovation, and according to a ...
Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla—by far the nation’s largest EV seller— have told a Trump-transition committee they support ending the subsidy, said the two sources, who spoke on condition of ...
Trump's energy transition team views the consumer EV credit as an easy target, believing that eliminating it would get broad consensus in a Republican-controlled Congress as part of a larger tax-reform bill. Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans ...
Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit. Newsom said in a press statement he is proposing a new version of the state's Clean Vehicle Reb...