$7,500 Electric Vehicle Tax Credit

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EV tax credit

CNN Edition

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Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards | CNN Business

Summary

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79% Informative

The $ 7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration.

Tesla, the world’s largest maker of EVs, is the only automaker making a profit on its US EV sales.

The end of the credit would be good news for Tesla and its CEO Elon Musk .

Trump 's election could speed approval for Tesla ’s plans for self-driving vehicles, analyst says.

“ Tesla has a scale and scope that is unmatched and while losing the EV tax credit could also hurt some demand on the margins in the US , this will enable Tesla to further fend off competition from Detroit , he says.

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formal

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English

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