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Trump may end $7,500 EV tax credit
Trump Plans to Repeal $7,500 EV Tax Credit: Here's How He Could Do It
With a Republican-controlled Congress, there is 'definitely a path to repeal,' sources tell PCMag. But that could threaten jobs at EV manufacturing plants in red states.
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.
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.
26m
China and EU Reach ‘Technical Consensus’ in EV Talks, CCTV Says
China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs ...
10h
Why Elon Musk’s Plan to Reinvent EV Batteries Was Dissed by a Chinese Battery Leader
Inside Tesla a team has been feverishly working to reinvent the power cells that make EVs work. The founder of the world’s ...
17h
Rescinding US EV tax credit would cede ground to China, Granholm says
Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S.
Torque News
1h
Why China Is Kicking Japanese (and everyone else's) EV Butt
The Chinese EV car makers are chewing up the Japanese car makers. They are likely to chew through South Korea and the US over ...
2h
New EV charging station opens in Deerfield
The town of Deerfield has a new operational state-of the-art EV charging station just as the busy holiday shopping season is ...
6h
As GM announces more layoffs, auto expert sees possible shift from EV production
Jan Griffiths, an automotive industry expert and founder of Gravitas Detroit, a company that works with the auto industry on ...
13h
on MSN
GM Cuts Another 1,000 Jobs As EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the ...
13h
on MSN
EV Sales Down 25% In Australia As Buyers Choose Hybrids
Removal of rebates is being blamed for EVs only accounting for 6.5 percent of the market in Q3, down from 8.1 percent ...
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2024 U.S. Elections
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