Trump Wants to Kill E.V. Tax Credit. Here’s What to Know.

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.
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
Is the EV Tax Credit Going Away? What You Need to Know
There's a lot of chatter about the President-elect's plans to eliminate the electric vehicle tax credit. Here's what's happening.
Major power company calls EV tax credit ‘necessary’
Pedro Pizarro, president and CEO of Edison International, stands for a photo in Rosemead, California, on Oct. 11, 2023. Pizarro's company is the first major utility to state its support for EV subsidies since President-elect Donald Trump won the election. Jae C. Hong/AP
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.
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.
Tesla Puts Incentives On Blast As Tax Credit Comes Under Threat
Tesla is making it clear that the tax credit is critical to Model Y and Model 3 pricing. The price with the incentive is now ...
Trump wooed middle class Americans with tax breaks. What are they and are they realistic?
President-elect Trump promised a slew of tax breaks for the middle class. Can he keep those promises and if so, at what cost? Experts weigh in.
Rivian Stock Is Down Again on Tax Credit Fears
An end to U.S. EV tax credits is unlikely to doom Rivian altogether. Its $5.8 billion deal to share technology with German ...
Trump Keeps Distance From Project 2025, But Its Tax Plans Could Fuel His Next Agenda
As President-elect Donald Trump prepares for office, questions loom around how his sweeping tax policy proposals will shape ...
Illinois homeschoolers worry Trump tax credit could lead to state regulation
Homeschool groups have concerns about President-elect Donald Trump’s proposed tax credit as Illinois lawmakers look at ...
Pennsylvania Film Office gives $9.2M in tax credits to Netflix, Sight & Sound, others
The Pennsylvania Film Production Tax Credit program offers a 25 percent tax credit to productions that spend at least 60 ...
Could Louisiana's loss be Texas' gain? Film tax credit up in the air.
Back in 2021, 50 Cent announced he was living in Houston. Not only that, but many were hoping that the rapper born Curtis ...
CNET on MSN4d
What the 2024 Election Results Mean for the Child Tax Credit
Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...