Comment on Why Musk supports Trump getting rid of EV tax credits

Why Musk supports Trump getting rid of EV tax credits

Tesla still has a commanding lead in the US EV market, but competition is slowly catching up.ANGELA WEISS / AFPTesla stands to benefit from any removal of consumer tax credits on electric vehicle purchases.The move could hurt competitors more, CEO Elon Musk said.Tesla makes a vast majority of EVs sold in the US, but its lead has started to slip slightly.Elon Musk supports a Trump plan to end tax credits of up to $7,500 for electric vehicle purchases.That might sound confusing: Why would the CEO of Tesla want to end a program that makes it cheaper for people to buy EVs?Well, according to Musk, it would devastate Tesla's rivals.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News