EV sales could drop nearly 30% if Trump repeals tax credit

What Will Happen to the Child Tax Credit Under a Trump Administration?
The expansion of the child tax credit remains in effect until the end of next year, but the plans of the incoming Trump administration will have a major impact on its future.
'Not trivial': EV sales could drop nearly 30% if Trump repeals tax credit
For the automotive industry, reports that President-elect Donald Trump and his team are looking to repeal the $7,500 federal tax credit are not surprising. However, the effect of a potential repeal could be massive for automakers betting on EVs being the future.
Automakers plead with Trump: don’t kill the EV tax credit
The auto industry is sending an urgent message to President-elect Donald Trump: spare the $7,500 electric vehicle tax credit. In a November 14th letter to Trump and his transition team, the auto industry’s main lobbying group urges the new administration to preserve incentives for EV buyers and manufacturers that were enacted under President Joe Biden,
Act now for $7,500 EV tax credit: Experts say there's a risk Trump will axe funding in 2025
Prospective car buyers considering an electric vehicle may need to act fast to get a Biden-era EV tax credit worth up to $7,500, due to the likelihood that President-elect Donald Trump and Republicans on Capitol Hill will axe those savings in tax negotiations next year,
Trump Wants to Kill the E.V. Tax Credit. Here’s What to Know.
President-elect Donald J. Trump wants Congress to repeal a $7,500 electric vehicle tax credit. Doing so would hurt American automakers.
EVs are ‘the future’ even if Trump kills tax credit, Hyundai exec says
Several news outlets reported last week that Donald Trump’s presidential transition team is evaluating ways to kill the $7,500 consumer EV tax credit program President Joe Biden signed into law in 2022. The credits, part of Biden’s signature health and ...
Maybe Trump Won’t Kill the EV Tax Credit After All
One advocate is pushing the incoming Trump administration to keep the electric-vehicle purchase tax credit: the traditional auto industry. That might surprise investors. Ford Motor and General Motors lose billions selling EVs and make many more billions selling traditional gasoline-powered vehicles.
Get ready for a big tax credit with Window Depot
If you're looking for money and you can't seem to find any, you might have a tax credit that will help you out.
Trump's cut to Biden's EV tax credit, backed by Musk, may impact auto industry, experts say
Automotive experts reveal their thoughts on President-elect Trump reportedly considering a slash to the tax credit for ...
Louisiana Production Tax Credit Safe As State Lawmakers Pass Sweeping Reform Bill
Louisiana lawmakers saved the state’s tax credit as part of a sweeping set of fiscal reform bills that are headed the ...
Tax Credit vs. Tax Deduction: What’s the Difference?
Your guide to tax deductions and credits, how the IRS treats them differently, and how they impact your tax bill.
Louisiana Senate Committee Votes to Keep Film Tax Credit While Lowering Cap to $125 Million
The Louisiana Senate has proposed keeping the film incentive, though with a reduced cap, after the House voted to repeal it ...
Tax Write-Off vs. Tax Deduction vs. Tax Credit: What's the Difference?
Understand the differences between a tax write-off, a tax deduction and a tax credit. Learn how each one works to reduce ...
Tesla Puts Incentives On Blast As Tax Credit Comes Under Threat
Tesla is making it clear that the tax credit is critical to Model Y and Model 3 pricing. The price with the incentive is now ...
Staten Island Advance3d
Tax credit worth thousands to drivers nationwide could be on the chopping block
A tax credit that could save drivers thousands could be going out the window when president-elect Donald Trump enters the ...