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Trump may end $7,500 EV tax credit

Newsweek on MSN · 1d

Trump Is Likely to Kill the $7500 EV Tax Credit. Elon Musk Is OK With That.

Getting rid of the federal rebate could devastate the electric vehicle industry, but Tesla CEO Elon Musk doesn't mind. Here's why.

Hosted on MSN · 2d

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.

Fast Company on MSN · 2d

If Trump kills the EV tax credit, what happens if you buy an EV in early 2025?

At this point, many buyers are taking advantage of the credits at dealerships when they buy a car. In the past, they had to wait to claim it on their taxes the following year. Now, there’s the option of transferring their credit to the dealer and getting an instant rebate.

2d

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 ...

2d

Rivian Stock Is Down Again on Tax Credit Fears

An end to U.S. EV tax credits is unlikely to doom Rivian altogether. Its $5.8 billion deal to share technology with German ...

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