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

  • Donald Trump's transition team plans to eliminate the $7,500 consumer tax credit for electric vehicle purchases, as part of broader tax-reform legislation, according to two sources with direct knowledge of the matter.
  • Representatives of Tesla have informed a Trump transition committee that they support ending the subsidy, as stated by the two sources who spoke on condition of anonymity.
  • Trump's transition team aims to remove the EV credit alongside rolling back other clean energy initiatives, which includes support for wind, solar, and hydrogen production.
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  • 37% of the sources are Center
37% Center
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