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.

The incoming Trump administration plans to end the federal $7,500 tax incentive on EVs.The Latest Tech News, Delivered to Your Inbox

President-elect Donald Trump’s transition team is reportedly planning to eliminate the $7,500 federal tax credit for electric vehicle purchases as part of a larger tax reform effort.The most recent version of the credit was introduced as part of President Joe Biden’s Inflation Reduction Act to encourage EV adoption and is now in the crosshairs of an energy-focused policy group,