Trump's EV Tax Credit Threat Spurs Urgent Buying Decisions
TL;DR Summary
President-elect Donald Trump plans to eliminate the $7,500 tax credit for electric vehicle (EV) purchases, a move expected to negatively impact EV sales. This credit, part of President Biden's Inflation Reduction Act, has been a significant driver for EV adoption. Automakers like Tesla, Chevrolet, and Ford have several models currently eligible for the full credit, which may become more expensive if the credit is removed. The potential policy change has prompted a rush to purchase eligible EVs before the credit is potentially scrapped.
Topics:business#automotive#automotive-industry#donald-trump#electric-vehicles#inflation-reduction-act#tax-credit
- Trump is set to end the EV tax credit. Here are 7 electric cars to buy before it goes away Quartz
- How Trump Could Upend Electric Car Sales The New York Times
- Automakers Petition Trump, Hoping to Avoid Drastic EV Policy Changes Car and Driver
- EV tax credits could vanish under Trump. Is now the time to buy? NBC News
- The plot is thickening around EV incentives Axios
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