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.
Make No Mistake: Killing The EV Tax Credit Hurts Tesla Too
When former President Donald Trump campaigned on a promise to end the $7,500 electric vehicle tax credit, many people pointed to his newfound close ties with Tesla CEO Elon Musk as proof that he wouldn't really act to deliberately harm America's nascent EV sector.
Tesla Stock Rebounds. Wall Street Is Weighing EV Tax Credit Changes.
The electric-vehicle purchase tax credit makes buying Teslas and other EVs more affordable for most car buyers.
Tesla Stock Edges Up. Are Trump EV Tax Credit Concerns Weighing on the Shares?
The electric-vehicle purchase tax credit makes buying Teslas and other EVs more affordable for most car buyers.
Tesla supports killing $7,500 EV tax credit – going directly against its mission
Tesla reportedly supports the Trump administration’s plan to kill the $7,500 federal tax credit for electric vehicles – something
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems
Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit
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.
Trump Administration Plans To Scrap $7,500 EV Tax Credit, Tesla Supports Move: Report
Although Tesla applauded the Trump administration's decision to eliminate the $7,500 consumer tax credit for electric vehicle purchases, it was criticized for perhaps making the US electric vehicle transition more difficult.
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.
Report: Nixing EV tax credit is a Trump priority, with Tesla support
The tax credit could be tackled by the Republican-controlled Congress, in a move backed by Elon Musk but self-serving for Tesla, not EV adoption.
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.
Eliminating The Electric Vehicle Tax Credit Would Be A Huge Mistake
Tesla may stand to gain from the removal, but legacy automakers and emerging EV companies could be left struggling to stay ...
Elon Musk wants to cut government spending. Tesla and SpaceX benefit from it
Over the last 16 years, Musk's business deals with the government total nearly $20 billion, according to federal contracting ...