Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems

President-elect Donald Trump’s transition team is reportedly planning to eliminate the $7,500 federal tax credit for electric vehicle purchases as part of a larger tax reform effort.The most recent version of the credit was introduced as part of President Joe Biden’s Inflation Reduction Act to encourage EV adoption and is now in the crosshairs of an energy-focused policy group,

President-elect Donald Trump's transition team is considering eliminating the $7,500 consumer tax credit for electric vehicle (EV) purchases as part of a broader tax reform package, according to two anonymous sources familiar with the discussions.