Some electric vehicles and plug-in hybrids are set to get less affordable from next year, it seems. As expected, the incoming Trump administration has set its sights on killing off the IRS clean vehicle tax credit, according to a report in Reuters this afternoon. The clean vehicle tax credit was overhauled as part of President Joe Biden's signature climate legislation.

Topics:  trump   irs   reuters   president joe biden   us treasury department   chinese   evs   comments   report   tax credit   vehicle   set   plug-in   vehicles   clean   
BING NEWS:
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    Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act. Now, it seems President-elect ...
    11/14/2024 - 8:02 am | View Link
  • Trump transition team planning to kill EV tax credit, Reuters says
    President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric vehicle purchases, Jarrett ...
    11/14/2024 - 7:51 am | View Link
  • 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 ...
    11/14/2024 - 7:34 am | View Link
  • EV makers slide on report Trump wants to scrap EV tax credit
    Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax legislation, Reuters reported.
    11/14/2024 - 7:18 am | View Link
  • Tesla, Rivian, and Lucid stocks are fallling as Trump plans to kill Biden's EV tax credit
    Electric vehicle stocks are falling Thursday after a report detailed the incoming Trump administration’s plans to axe a tax credit for consumers buying cleaner cars.
    11/14/2024 - 7:07 am | View Link
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