The Federal EV Tax Credit Will Be Eliminated By Trump Administration
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,
But President-elect Donald Trump has pledged to “ terminate ” the cash flowing to clean energy — and has targeted benefits ...
Through the Inflation ... credit would require an act of Congress, but a Trump administration could also change the ...
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