The EV Tax Credit Going Away Is Actually Good News for Elon Musk and Tesla (TSLA)

Trump may be boosting Tesla Inc. (NASDAQ: TSLA) by driving less competitive automakers out of the market with proposals to reverse EV initiatives. General Motors Co. (NYSE: GM) giving up on its ... Read More

Most electric car buyers were swayed by federal tax credits in 2024, report says

Eighty-seven percent of shoppers who drove home a new electric vehicle in the U.S. so far in 2024 took advantage of a federal tax credit of up to $7,500, according to a new study. Most of those who ... Read More

Trump Might Eliminate the EV Tax Credit. What to Know

The $7,500 credit for new electric vehicles might go away under the new administration, but any change would be up to Congress. Read More

Newsom Challenges Trump on Electric Vehicle Tax Credits

Trump ends the $7,500 federal E.V. tax credit ... those who qualify. The average sale price in October for a new electric car was $56,902 compared with $48,623 for a gas-powered vehicle, according ... Read More

How Trump Could Upend Electric Car Sales

By Lawrence Ulrich Many car buyers have come to rely on a $7,500 federal tax credit on electric vehicles ... cars, according to the Treasury Department. New-car prices are flat in 2024, but ... Read More

The federal EV tax credit has an uncertain fate. What car shoppers should know

Currently, drivers can get a tax credit worth up to $7,500 for buying or leasing an EV. But the incoming administration promised to roll back those credits, which they consider wasteful spending. Read More

Which Electric Cars Are Still Eligible for the $7,500 Federal Tax Credit?

It has been reviewed by Cars.com Senior News Editor Jennifer Harrington and is still accurate. If you’re shopping for or researching an electric vehicle ... car tax credit of up to $7,500 ... Read More

Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax credit

California could offer rebates for electric ... would work. Trump previously vowed to end federal electric vehicle tax credits, which are worth up to $7,500 for new zero-emission vehicles. Read More

New electric vehicle tax credits raise talk of trade war

An electric vehicle charges at a shopping center in Emeryville, Calif., Aug. 10, 2022. (AP Photo/Godofredo A. Vásquez, File) WASHINGTON (AP) — A new tax credit for ... could produce vehicles that ... Read More

Tesla Would Likely Be Excluded From New California EV Tax Credits -Governor's Office Says

Tesla Would Likely Be Excluded From New California EV Tax Credits -Governor's Office Says By David Shepardson and Akash Sriram (Reuters) -Tesla's electric vehicles likely would not qualify for ... Read More

Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax credit

California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday. Read More