Trump team seeks to eliminate tax credit for buying electric vehicles
By Craig Nigrelli (Reporter ), Brock Koller (Senior Producer), Jack Henry (Video Editor )
As President-elect Donald Trump continues to name members of his cabinet, a bit of a policy news came out this week. Reuters reported that Trump’s transition team wants to get rid of the $7,500 tax credit for people who buy electric vehicles.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Trump announces he will go after electric car mandate.
Click to see story on The IndependentRivian, Tesla slide on report Trump plans to nix EV tax credit
Click to see story on The Washington PostRivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit
Click to see story on BloombergEV makers slide on report Trump wants to scrap EV tax credit
Click to see story on Business InsiderTrump’s transition team aims to kill Biden EV tax credit in US: Report
Click to see story on Al JazeeraExclusive-Trump’s Transition Team Aims to Kill Biden EV Tax Credit
Click to see story on U.S. NewsTrump expected to pursue demise of EV tax credits
Click to see story on AxiosTrump’s transition team aims to kill Biden EV tax credit – West Hawaii Today
Click to see story on West Hawaii TodayTrump’s transition team plans to kill Biden’s EV tax credit
Click to see story on Fast CompanyTrump Transition Team Aims To Gut The $7,500 EV Tax Credit: Report
Click to see story on Inside EVsTesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Click to see story on RocketNewsTrump to kill EV tax credit
Click to see story on ReutersTrump’s transition team aims to kill Biden EV tax credit: Reuters
Click to see story on CNBCTrump Plans To Erase EV Tax Credit: Tesla Analyst Says It’s ‘Net Bullish,’ Calls Sell-Off ‘Wrong Knee-Jerk Reaction’ – Tesla (NASDAQ:TSLA)
Click to see story on BenzingaTrump’s transition team aims to kill Biden EV tax credit | Honolulu Star-Advertiser
Click to see story on Star AdvertiserTrump Planning to Kill Electric Vehicle Tax Credit
Click to see story on Political WireThe $7,500 EV tax credit is on Trump’s chopping block
Click to see story on TechCrunchTrump team puts EV tax credit on the block, Tesla is on board: Report
Click to see story on Ars TechnicaRivian, Lucid, and Tesla stocks fall as Trump plans to kill the EV tax credit
Click to see story on QuartzTrump’s transition team aims to kill Biden EV tax credit
Click to see story on New York PostTesla, Rivian Drop on Report Trump Wants to End EV Credit
Click to see story on Financial PostTrump wants to abolish $7,500 subsidy for electric cars
Click to see story on Die PresseEV shocker: Tesla, GM and Ford may all benefit if the EV tax credit is pulled
Click to see story on Seeking AlphaWhy Musk supports Trump getting rid of EV tax credits
Click to see story on DNyuzUntracked Bias
News: Trump transition administration plans to cancel subsidies for electric car purchases
Click to see story on 大纪元 Epoch TimesTrump’s ideals for electric vehicles would benefit Tesla – 14/11/2024
Click to see story on UOLTesla a Wall Street loser as Trump may scrap cut
Click to see story on Het NieuwsbladTrump’s Transition Team Targets EV Tax Credits: A Tesla Advantage?
Click to see story on DevdiscourseTrump’s team wants to abolish tax credit for electric cars
Click to see story on ORF.at NewsDonald Trump’s transition team aims to kill Joe Biden EV tax credit
Click to see story on The Economic TimesTrump’s team wants to stop helping to buy electricity. Tesla supports the measure
Click to see story on Jornal de NegóciosTesla a Wall Street loser as Trump may scrap cut
Click to see story on rd.nlTrump wants to cut the electric car deduction
Click to see story on NettavisenExclusive-Trump’s transition team aims to kill Biden EV tax credit – Blue Water Healthy Living
Click to see story on Blue Water Healthy LivingAnd how does Elon Musk react?: Trump’s transition team wants to abolish tax credit for electric cars
Click to see story on www.kleinezeitung.atTesla, Rivian Drop on Report Trump Wants to End EV Credit (1)
Click to see story on Bloomberg LawTrump wants to cut the electric car deduction
Click to see story on www.dn.noTrump’s transition team aims to kill Biden EV tax credit
Click to see story on BizTocWhy Musk supports Trump getting rid of EV tax credits
Click to see story on JingletreeHere’s every electric vehicle that currently qualifies for the US federal tax credit in 2024
Click to see story on ElectrekTesla, Rivian drop on report Trump wants to end EV credit
Click to see story on Business TimesTesla, Rivian Drop on Report Trump Wants to End EV Credit
Click to see story on Transport TopicsAmericans will probably lose tax credits for buying electric cars
Click to see story on trend.skRivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit – Bloomberg/Yahoo News
Click to see story on WirePoints Illinois Financial NewsThe United States is going to abolish aid for the purchase of an electric car: why Tesla is not worried
Click to see story on FrAndroidImpact of Ending Tax Credit on US Electric Vehicle Transition and Tesla’s Competitive Edge
Click to see story on The Times of Middle EastTrump team puts EV tax credit on the block, Tesla is on board: Report
Click to see story on MASSIVE.NEWSTrumping the Electric Vehicle Mandate
Click to see story on Utopia – you are standing in it!Reuters: Trump’s team plans to cancel tax breaks for electric cars in the US
Click to see story on ceskenoviny.czTesla supports killing $7,500 EV tax credit – going directly against its mission
Click to see story on technewstube.comTrump Reportedly Wants To Kill $7,500 EV Tax Credit, And Tesla Might Be Cool With It
Click to see story on CarscoopsPresident-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases
Click to see story on cedarnews.netTrump’s Transition Team Aims To Kill Biden EV Tax Credit – Pakistan Live News
Click to see story on Pakistan Live NewsTrump’s transition team aims to kill Biden EV tax credit US…
Click to see story on ResetEraTrump’s transition team aims to kill Biden EV tax credit in US: Report
Click to see story on EMEA Tribune, Breaking News, World News, Latest News, Top HeadlinesTrump’s transition team aims to kill Biden EV tax credit in US: Report | Automotive Industry News – Monkey Viral
Click to see story on Monkey ViralTrump Transition Team Aims to Eliminate $7,500 EV Tax Credit
Click to see story on timesng.comPresident Trump to Instantly Remove Joe Biden’s Disastrous Electrical Car Tax Credit score
Click to see story on pokonews.comTrump’s transition team aims to kill Biden EV tax credit – Islamabad Post
Click to see story on Islamabad PostThe $7,500 EV tax credit is on Trump’s chopping block
Click to see story on blkalerts.comTrump Administration Expected to End $7,500 Federal EV Tax Credit
Click to see story on evmagz.comElon Musk Is Getting What He Wants
Click to see story on heatmap.newsTrump’s Transition Team Is Targeting EV Tax Credits Potentially Crippling Green Mandates – AutoSpies Auto News
Click to see story on autospies.comTrump team puts EV tax credit on the block, Tesla is on board: Report
Click to see story on World NEWS LiveTrumping the Electric Vehicle Mandate
Click to see story on cnav.newsTrump transition team decides to kill EV tax credit, and Elon Musk is delighted
Click to see story on The DrivenEnding the tax credit could have negative implications on the EV industry, which is struggling in the United States. The subsidy of $7,500 for the purchase of a new EV, and up to $4,000 for a used vehicle, is part of the Biden administration’s Inflation Reduction Act.
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Trump’s choice for interior secretary, North Dakota Gov. Doug Burgum, R, has been one of the major players in the discussions to repeal it. Those discussions have supposedly taken place at Trump’s compound in Florida.
The Alliance for Automotive Innovation, a trade group representing major automakers, had urged Congress last month to retain the EV credits, claiming they make the United States a leader in automotive technology.
Adding to the intrigue is Trump ally Elon Musk, who is the CEO and founder of Tesla, the largest EV seller in the United States. Musk is on record as saying that ending the subsidy might hurt sales of Tesla but it would devastate its competitors.
Killing the tax credit could save the Trump administration lots of government funding, as Trump looks to extend tax cuts that are set to expire in 2025.
[Craig Nigrelli]
AS PRESIDENT-ELECT DONALD TRUMP CONTINUES TO NAME MEMBERS OF HIS CABINET, A BIT OF POLICY NEWS CAME OUT THIS WEEK. REUTERS IS REPORTING THAT TRUMP’S TRANSITION TEAM WANTS TO GET RID OF THE $7500 TAX CREDIT FOR PEOPLE WHO BUY ELECTRIC VEHICLES.
ENDING THE TAX CREDIT COULD HAVE NEGATIVE IMPLICATIONS FOR THE E-V INDUSTRY, WHICH IS STRUGGLING HERE IN THE UNITED STATES.
THE SUBSIDY OF $7500 FOR THE PURCHASE OF A NEW E-V AND $4000 FOR A USED CAR, IS PART OF THE BIDEN ADMINISTRATION’S INFLATION REDUCTION ACT.
ACCORDING TO SOURCES, DONALD TRUMP’S CHOICE FOR INTERIOR SECRETARY, NORTH DAKOTA GOVERNOR DOUG BURGUM, HAS BEEN ONE OF THE MAJOR PLAYERS IN THE DISCUSSIONS TO REPEAL IT.
THE TRANSITION TEAM SUPPOSEDLY HAS HAD MEETINGS AT TRUMP’S Mar-a-Lago RESORT SINCE TRUMP WON THE ELECTION ON NOVEMBER 5TH. THE ALLIANCE FOR AUTOMOTIVE INNOVATION, A TRADE GROUP REPRESENTING MAJOR AUTOMAKERS, HAD URGED CONGRESS, A MONTH AGO, TO **RETAIN** THE E-V CREDITS, CALLING THEM “ CRITICAL TO CEMENTING THE U.S AS A GLOBAL LEADER IN THE FUTURE OF AUTOMOTIVE TECHNOLOGY AND MANUFACTURING. “
ADDING TO THE INTRIGUE IS TRUMP ALLY ELON MUSK, WHO is the CEO and founder of TESLA, THE LARGEST E-V SELLER IN THE UNITED STATES. MUSK IS ON RECORD AS SAYING THAT ENDING THE SUBSIDY MIGHT HURT THE SALES OF TESLA BUT IT WOULD **DEVASTATE** TESLA’S COMPETITORS.
KILLING THE TAX CREDIT COULD SAVE THE NEW TRUMP ADMINISTRATION MILLIONS OF DOLLARS AS DONALD TRUMP LOOKS TO EXTEND TAX CUTS THAT ARE SET TO EXPIRE IN 2025 AS THE REPUBLICAN-CONTROLLED CONGRESS TAKES UP A LARGER TAX REFORM BILL IN THE NEW YEAR. FOR MORE UNBIASED UPDATES, DOWNLOAD THE STRAIGHT ARROW NEWS APP
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Trump announces he will go after electric car mandate.
Click to see story on The IndependentRivian, Tesla slide on report Trump plans to nix EV tax credit
Click to see story on The Washington PostRivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit
Click to see story on BloombergEV makers slide on report Trump wants to scrap EV tax credit
Click to see story on Business InsiderTrump’s transition team aims to kill Biden EV tax credit in US: Report
Click to see story on Al JazeeraExclusive-Trump’s Transition Team Aims to Kill Biden EV Tax Credit
Click to see story on U.S. NewsTrump expected to pursue demise of EV tax credits
Click to see story on AxiosTrump’s transition team aims to kill Biden EV tax credit – West Hawaii Today
Click to see story on West Hawaii TodayTrump’s transition team plans to kill Biden’s EV tax credit
Click to see story on Fast CompanyTrump Transition Team Aims To Gut The $7,500 EV Tax Credit: Report
Click to see story on Inside EVsTesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Click to see story on RocketNewsTrump to kill EV tax credit
Click to see story on ReutersTrump’s transition team aims to kill Biden EV tax credit: Reuters
Click to see story on CNBCTrump Plans To Erase EV Tax Credit: Tesla Analyst Says It’s ‘Net Bullish,’ Calls Sell-Off ‘Wrong Knee-Jerk Reaction’ – Tesla (NASDAQ:TSLA)
Click to see story on BenzingaTrump’s transition team aims to kill Biden EV tax credit | Honolulu Star-Advertiser
Click to see story on Star AdvertiserTrump Planning to Kill Electric Vehicle Tax Credit
Click to see story on Political WireThe $7,500 EV tax credit is on Trump’s chopping block
Click to see story on TechCrunchTrump team puts EV tax credit on the block, Tesla is on board: Report
Click to see story on Ars TechnicaRivian, Lucid, and Tesla stocks fall as Trump plans to kill the EV tax credit
Click to see story on QuartzTrump’s transition team aims to kill Biden EV tax credit
Click to see story on New York PostTesla, Rivian Drop on Report Trump Wants to End EV Credit
Click to see story on Financial PostTrump wants to abolish $7,500 subsidy for electric cars
Click to see story on Die PresseEV shocker: Tesla, GM and Ford may all benefit if the EV tax credit is pulled
Click to see story on Seeking AlphaWhy Musk supports Trump getting rid of EV tax credits
Click to see story on DNyuzUntracked Bias
News: Trump transition administration plans to cancel subsidies for electric car purchases
Click to see story on 大纪元 Epoch TimesTrump’s ideals for electric vehicles would benefit Tesla – 14/11/2024
Click to see story on UOLTesla a Wall Street loser as Trump may scrap cut
Click to see story on Het NieuwsbladTrump’s Transition Team Targets EV Tax Credits: A Tesla Advantage?
Click to see story on DevdiscourseTrump’s team wants to abolish tax credit for electric cars
Click to see story on ORF.at NewsDonald Trump’s transition team aims to kill Joe Biden EV tax credit
Click to see story on The Economic TimesTrump’s team wants to stop helping to buy electricity. Tesla supports the measure
Click to see story on Jornal de NegóciosTesla a Wall Street loser as Trump may scrap cut
Click to see story on rd.nlTrump wants to cut the electric car deduction
Click to see story on NettavisenExclusive-Trump’s transition team aims to kill Biden EV tax credit – Blue Water Healthy Living
Click to see story on Blue Water Healthy LivingAnd how does Elon Musk react?: Trump’s transition team wants to abolish tax credit for electric cars
Click to see story on www.kleinezeitung.atTesla, Rivian Drop on Report Trump Wants to End EV Credit (1)
Click to see story on Bloomberg LawTrump wants to cut the electric car deduction
Click to see story on www.dn.noTrump’s transition team aims to kill Biden EV tax credit
Click to see story on BizTocWhy Musk supports Trump getting rid of EV tax credits
Click to see story on JingletreeHere’s every electric vehicle that currently qualifies for the US federal tax credit in 2024
Click to see story on ElectrekTesla, Rivian drop on report Trump wants to end EV credit
Click to see story on Business TimesTesla, Rivian Drop on Report Trump Wants to End EV Credit
Click to see story on Transport TopicsAmericans will probably lose tax credits for buying electric cars
Click to see story on trend.skRivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit – Bloomberg/Yahoo News
Click to see story on WirePoints Illinois Financial NewsThe United States is going to abolish aid for the purchase of an electric car: why Tesla is not worried
Click to see story on FrAndroidImpact of Ending Tax Credit on US Electric Vehicle Transition and Tesla’s Competitive Edge
Click to see story on The Times of Middle EastTrump team puts EV tax credit on the block, Tesla is on board: Report
Click to see story on MASSIVE.NEWSTrumping the Electric Vehicle Mandate
Click to see story on Utopia – you are standing in it!Reuters: Trump’s team plans to cancel tax breaks for electric cars in the US
Click to see story on ceskenoviny.czTesla supports killing $7,500 EV tax credit – going directly against its mission
Click to see story on technewstube.comTrump Reportedly Wants To Kill $7,500 EV Tax Credit, And Tesla Might Be Cool With It
Click to see story on CarscoopsPresident-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases
Click to see story on cedarnews.netTrump’s Transition Team Aims To Kill Biden EV Tax Credit – Pakistan Live News
Click to see story on Pakistan Live NewsTrump’s transition team aims to kill Biden EV tax credit US…
Click to see story on ResetEraTrump’s transition team aims to kill Biden EV tax credit in US: Report
Click to see story on EMEA Tribune, Breaking News, World News, Latest News, Top HeadlinesTrump’s transition team aims to kill Biden EV tax credit in US: Report | Automotive Industry News – Monkey Viral
Click to see story on Monkey ViralTrump Transition Team Aims to Eliminate $7,500 EV Tax Credit
Click to see story on timesng.comPresident Trump to Instantly Remove Joe Biden’s Disastrous Electrical Car Tax Credit score
Click to see story on pokonews.comTrump’s transition team aims to kill Biden EV tax credit – Islamabad Post
Click to see story on Islamabad PostThe $7,500 EV tax credit is on Trump’s chopping block
Click to see story on blkalerts.comTrump Administration Expected to End $7,500 Federal EV Tax Credit
Click to see story on evmagz.comElon Musk Is Getting What He Wants
Click to see story on heatmap.newsTrump’s Transition Team Is Targeting EV Tax Credits Potentially Crippling Green Mandates – AutoSpies Auto News
Click to see story on autospies.comTrump team puts EV tax credit on the block, Tesla is on board: Report
Click to see story on World NEWS LiveTrumping the Electric Vehicle Mandate
Click to see story on cnav.newsTrump transition team decides to kill EV tax credit, and Elon Musk is delighted
Click to see story on The DrivenStraight to your inbox.
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