03-07-2025
What Killing Tax Credits Means for the Electric Vehicle Market
The Trump administration's plan to scrap federal incentives for electric vehicles will be a major speed bump for battery-powered transportation in the US, but not a brick wall, according to forecasts.
On Thursday, Republicans in the US House sent a bill to President Donald Trump's desk that kills tax credits of up to $7,500 for EV customers that were part of the 2022 Inflation Reduction Act.
