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Trump Plans to Eliminate EV Tax Credit
Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.
Trump Wants to Kill the E.V. Tax Credit. Here’s What to Know.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?
At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to wait to claim it on their taxes the following year. Now, there’s the option of transferring their credit to the dealer and getting an instant rebate.
Electrek
8h
Lucid (LCID) CEO claims EV maker is ‘most immune’ if Trump cuts the tax credit
If you ask Lucid (Lucid) CEO Peter Rawlinson, the company is the “most immune” EV maker if President-elect Donald Trump cuts ...
1d
on MSN
Don’t buy an EV until 2026, new report suggests – they’re about to get much cheaper
A spike in returning lease volumes will peak in 2026Market could be flooded with cheap used EVs, new report claimsUncertainty ...
2d
on MSN
What Trump's Presidency Could Mean for Tesla and Other Electric Vehicle Makers
The election of Donald Trump has stoked optimism on Wall Street, where his business-friendly agenda is expected to juice ...
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