Trump to Nix Biden's EV Tax Credits With a new administration due to enter the White House in January, the recently revamped EV tax credits are believed to be on the cutting block. And one major EV maker is actually in favor of the $7500 credit going away.
Of course, we have seen years of debate over whether the tax credit actually motivates consumers to go EV in many cases, or whether it's merely the icing on the cake once a decision has been made based on other factors. But given the recent slowdown in EV adoption (real or perceived), the demise of the tax credit could affect domestic automakers in significant ways.
But it's not the only EV-related regulation that could see sharp changes in 2025.
Here's what we could see happen next year as a new administration comes in. |
