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Trump Plans to Eliminate EV Tax Credit
Trump killing the EV tax credit would hurt Tesla but be catastrophic for Elon Musk’s competition, analysts say
President-elect Donald Trump will reportedly cut the EV tax credit when he takes office in January, but contrary to popular belief, Wedbush analysts say the move could actually benefit Trump’s “first buddy,
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 may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.
57m
on MSN
GM Cuts Another 1,000 Jobs As EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the ...
5h
Rescinding US EV tax credit would cede ground to China, Granholm says
Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S.
6m
EV Stocks Plunge As Trump Plans To Kill Incentives
Teslas have more margins built into them and are profitable, which gives the automaker some cushion. Legacy automakers like ...
Torque News
14m
Four People Needlessly Die In Tesla Fire: Learning EV Car’s Safety Features
Rob Enderle is a technology analyst covering automotive technology and battery developments at Torque News. You can learn ...
Interesting Engineering on MSN
8m
Revolutionary AI tech detects EV battery fire before ignition with 94% accuracy
A lithium-ion battery about to catch fire makes a distinct click-hiss as gases escape. NIST researchers have trained AI to ...
59m
on MSN
EV Sales Down 25% In Australia As Buyers Choose Hybrids
Removal of rebates is being blamed for EVs only accounting for 6.5 percent of the market in Q3, down from 8.1 percent ...
2h
Washington state still grappling with ongoing EV charging challenges
Although Initiative 2117 repealing the state’s cap-and-trade program was rejected by Washington voters earlier this month, ...
3h
EV Drivers In Australia Are Being Deployed For Natural Disaster Help
The trial volunteer program will run across New South Wales, Victoria, Queensland and the Australian Capital Territory from ...
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