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$7,500 EV tax credit is on Trump’s chopping block
Exclusive-Trump's transition team aims to kill Biden EV tax credit
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.
Why Musk supports Trump getting rid of EV tax credits
Elon Musk has said ending tax credits of up to $7,500 for electric vehicle purchases would "devastate" Tesla's competitors.
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems
Oct. Was a Record–Breaking Month for EV Sales
EV And PHEV Sales Set A New Record Last Month
China is again leading the pack with 1.2 million EVs and PHEVs sold last month, a 6% month-over-month increase and a jump of over 50% compared to October 2023. Year-to-date, a whopping 8.4 million electrified vehicles were sold in China, 38% more than last year.
Global EV Sales Hit Monthly Record in October on Strong Performance in China -- OPIS
China was responsible for more than 70% of the October sales, with more than 1.2 million EVs being purchased in that country during the month, according to the firm. Chinese EV sales were 6% higher than in September and up more than 50% from the same month last year,
October Was a Record–Breaking Month for EV Sales
According to market research firm Rho Motion, electric vehicle (EV) sales reached an all–time high in October. In total, automakers sold more than 1.7 million EV units worldwide last month. That beats the previous record,
SlashGear
7h
Why Delaying An EV Purchase To 2025 Could Cost You Thousands Of Dollars
The Biden administration gave new
EV
buyers in the U.S. a $7,500 tax credit with every purchase of a qualified electric ...
4h
on MSN
Toyota exec pushes back on U.S. policies promoting EV adoption
Toyota North America COO, Jack Hollis, called for a market-driven EV transition, saying current policies are misaligned with ...
justthenews
2h
Washington state still grappling with ongoing EV charging challenges
Although Initiative 2117 repealing the state’s cap-and-trade program was rejected by Washington voters earlier this month, ...
15h
In major Geely shake-up, EV brand Zeekr to take control of Lynk
China's Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand - ...
8h
Musk gains vast new EV power — and scrutiny
One sign of Musk’s new influence over the trajectory of EVs was apparent Wednesday. Auto consulting firms contacted for this ...
Electrek
11h
Kia is teasing a new EV model for the US: Here’s what to expect
At least one new Kia EV model will be revealed at next week’s LA Auto Show. Kia is teasing the new EV ahead of the event, ...
TechRadar
13h
Don’t buy an EV until 2026, new report suggests – they’re about to get much cheaper
It goes on to state that nearly 280,000
EV
leases will end in the next two years in the United States, but thanks to the ...
1d
Kia sees near-term market challenges but sticks to 1.6 mln annual EV sales target by 2030
South Korean car maker Kia expects challenging market conditions in the near term due in part to governments' policies but ...
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