EV Demand Slows, Tax Credit Looms

This is a US news story, published by Wired, that relates primarily to Donald Trump news.

US news

For more US news, you can click here:

more US news

Donald Trump news

For more Donald Trump news, you can click here:

more Donald Trump news

automotive and transportation news

For more automotive and transportation news, you can click here:

more automotive and transportation news

Wired news

For more news from Wired, you can click here:

more news from Wired

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like automotive and transportation news, you might also like this article about

prospective electric vehicle buyer

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest electric vehicles news, EV buyers news, automotive and transportation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

electric vehicle tax credit

Wired

•

The EV Buyers’ Guide to an Uncertain Future

Summary

Nutrition label

75% Informative

President-elect Donald Trump seems poised to roll back many US federal supports for electric vehicles.

The $ 7,500 electric vehicle tax credit that first became available last year has helped bring down the prices of electrics compared to gas-powered cars.

Even Tesla CEO Elon Musk seems on board with scotching the tax credit.

So what’s an on-the-fence EV buyer to do? Consider leasing an EV before the credit potentially goes poof.

Electric leases are hot—and might be a not-as-great deal soon.

Global automakers face pressure to electrify from other governments and have already poured billions into battery and production-line development.

Edmunds’ Drury: “Don’t do anything out of pure fear.”.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English