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

Reuters ^ | November 14, 2024 | By Jarrett Renshaw, Chris Kirkham and Nora Eckert

[Oldeconomybuyer]

Nov 14 (Reuters) - 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.

Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla (TSLA.O), opens new tab - by far the nation's biggest EV maker - have told a Trump-transition committee they support ending the subsidy, said the two sources, speaking on condition of anonymity.

[Elsie]

To provide for calling forth the Militia to execute the Laws of the Union,
suppress Insurrections and repel Invasions;

[FreedomNotSafety]

Tesla also receives some sort of credit that it sells to IC engine car makers that allows them to sell cars. Not sure how it works but it should be dropped as well.

Along with sold wind ethanol subsidies.

[ridesthemiles]

ALONG those same lines:

WAIT UNTIL ELON & VIVEK TRACE THE FUNDS ALLOTTED FOR ALL THOSE CHARGERS ALL ACROSS THE COUNTRY-—

AND ONLY 7 HAVE BEEN INSTALLED SO FAR.

$600 MILLION +++++ And they were GRANTS!!!!!!!

MORE BUTTEGEIG FAILURES.

[BobL]

I wonder what our resident EV-pusher will say.

[SPDSHDW]

I don’t consider Enforcing punishment, declarations of war, creating laws, and tax enforcement to be jobs per say, but yes you are correct I did indeed miss all of those.