Jul 4, 2025
With far too many horrible things to keep track of in Trump's disastrous bill that he just forced through Congress, here's a petty one that you probably missed:
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With far too many horrible things to keep track of in Trump's disastrous bill that he just forced through Congress, here's a petty one that you probably missed:
How US EV Tax Credits are Driving a New Era for Automotive Policy
The US government is encouraging the production of electric vehicles (EVs) by offering tax credits to those that meet certain requirements for local content. This includes using minerals sourced from the US or its free trade partners and assembling at least 50% of the battery components in the US, Canada, or Mexico. The tax credit can reduce an EV buyer’s taxes by up to $7,500. This move signals…
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Reuters reported that the White House has announced its budget proposal for 2020 and tax credits for EVs (electric vehicles) are on the chopping block. The Trump administration is proposing to eliminate the subsidy. It provides more than $7,500 subsidy on the purchase of a new EV. The White...
Trump proposed cuts the EV Tax Credit in 2020 Budget.