The $7,500 EV tax credit is on Trump’s chopping block

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TechCrunch 1w ago

The $7,500 EV tax credit is on Trump’s chopping block - TechCrunch

Quick Summary:

Now, it seems President-elect Donald Trump’s transition team has made that a priority with plans to end the tax credit as part of broader tax reform legislation, Reuters reported citing two unnamed sources.

Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act.

The best chance to remove the tax credit would be to include it in the tax reform package that is expected to go to Congress in the spring.