Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S. Energy Secretary Jennifer Granholm told reporters on Friday at the COP29 climate conference in Baku.

US President-Elect Donald Trump has reportedly expressed a desire to kill the IRA's $7,500 plug-in vehicle tax credit. The Inflation Reduction Act has incentivized companies to invest in a North American-based EV supply chain.

Trump wants to get rid of the EV tax credit—and it’s possible that he’ll convince the incoming Republican Congress to go along with that plan. But what does that mean if you buy an electric car early in 2025,

The federal EV tax credit —known as 30D among policy wonks—has been around in one form or another since the George W. Bush administration. The current version, passed as part of the Inflation Reduction Act in 2022, provides an up-to-$7,500 upfront discount for the purchase of eligible electric and plug-in hybrid vehicles.

Good morning. Automakers slump amid Donald Trump’s plans to repeal an electric vehicle subsidy. ESG investing is entering rough seas. And a missing Patek Philippe owned by John Lennon is headed back to its rightful owner: Yoko Ono.

N.C., will be one of the congressmen tasked with rewriting the tax code. He joins “The Hill” to discuss a report that Trump’s new administration will get rid of a tax credit for electric vehicles, which goes up to $7,

Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax reform legislation, Reuters reported.