Trump’s transition team aims to kill Biden EV tax credit

Donald Trump and Elon Musk — Elon Musk has said he supports ending the EV tax credit program. (BLOOMBERG)

Reuters Reuters

November 14, 2024 07:05 PM

WASHINGTON — 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.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Here’s our list of the 2025 Top 150 dealership groups

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Live updates on tariffs: Reactions and fallout as auto tariffs take effect

Stellantis laying off nearly 1,000 workers in U.S. as tariffs pause production at some plants in Canada, Mexico

Daily 5 report for April 3: Stocks crash, job cuts emerge, costs rise as tariff chaos begins

Infiniti stops building crossovers for U.S. in Mexico, citing Trump tariffs

Staying current is easy with newsletters delivered straight to your inbox.

See More in EV

Electrified gasoline engines may be the powertrain of the future

Home charging remains an EV draw, but rising electricity prices frustrate customers

Quebec resumes $4,000 EV rebate, but adds new fees for owners

Canada freezes Tesla’s $43M in EV rebate payments following flood of last-minute claims

Staying current is easy with newsletters delivered straight to your inbox.