Why Musk supports Trump getting rid of EV tax credits
Elon Musk has said ending tax credits of up to $7,500 for electric vehicle purchases would "devastate" Tesla's competitors.
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 knowledge of the matter told Reuters.
Trump Is Reportedly Planning to Nix Federal EV Tax Credits
The federal tax incentives were part of the Inflation Reduction Act, which was passed by the Biden Administration. According to Reuters, two unnamed sources who are familiar with the plan claim that Trump's team aims to pass wider tax-reform legislation that will include nixing the federal subsidy for eligible EVs and plug-in hybrids.
Trump team puts EV tax credit on the block, Tesla is on board: Report
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.
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.
EV tax credit death could be first effect of Trump-Musk 'bromance'
Plans to eliminate the up to $7,500 consumer tax credit for plug-in vehicles is a sign of the partnership between Musk and the president-elect.
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 knowledge of the matter told Reuters.
Rivian, Lucid lower after Reuters says Trump to kill EV tax credit
EST Rivian, Lucid lower after Reuters says Trump to kill EV tax credit Published first on TheFly – the ultimate source for
Rivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit
Shares of US automakers fell after Reuters reported President-elect Donald Trump plans to eliminate the $7,500 consumer tax credit for electric-vehicle purchases.
Trump's transition team aims to kill Biden EV tax credit, sources say
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 sou
Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit
Key Takeaways Shares of Tesla and other electric vehicle makers fell Thursday after a report President-elect Donald Trump and his transition team are planning to end a $7,500 EV tax credit.Tesla told the Trump team that it supports ending the subsidy,
Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth — but there’s a cost
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These tax cuts will go away without action by Congress and Trump
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Take Advantage of These Clean Energy Tax Credits Before Trump Takes Office
Time may be running out for Americans to capitalize on tax incentives created by the Biden administration's Inflation ...
Trump win sets up GOP battle between deficit hawks, tax cutters
President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as ...
What are tariffs? What to know about Donald Trump's plan to tax imports
Donald Trump has long touted tariffs as a campaign promise, with targets on Mexico and China. But what do the import taxes ...
Trump plans ambitious tax agenda — with insiders revealing how it could put more money in Americans’ pockets
I take President Trump at his word and will hold him accountable for his promise to eliminate the SALT cap,” said Rep. Tom ...
Trump's new Palm Beach County property-tax bills shine a spotlight on Mar-a-Lago's value
Mar-a-Lago, by the way, has helped put Trump on the hook for about $2 million in county property taxes, according to a Palm ...