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.
Trump’s transition team plans to cut Biden's EV Tax Credit
With an eye on tax reform, Trump’s team plans to eliminate a key $7,500 federal electric vehicle subsidy, potentially reshaping the U.S. EV market.
Donald Trump Deals a Blow to EV Tax Credits
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.
Ford, GM move lower after report of Trump killing EV tax credit
GM move lower after report of Trump killing EV tax credit Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on Ti
Trump’s transition team plans to kill Biden’s EV tax credit
President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for EV purchases as part of broader tax-reform legislation.
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 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
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