Tesla and Trump on collision course as president-elect reportedly scrapping EV tax credits
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President-elect Donald Trump's transition team is reportedly planning to eliminate the $7,500 electric vehicle (EV) tax credit, which was part of Joe Biden's Inflation Reduction Act. This move could impact EV adoption and companies like Tesla.
November 14, 2024 | 7:15 pm
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Tesla could face challenges if the $7,500 EV tax credit is eliminated, as it may reduce consumer incentives to purchase electric vehicles, potentially affecting sales.
The elimination of the EV tax credit could make Tesla's vehicles less financially attractive to consumers, potentially reducing demand and impacting sales negatively.
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RELEVANCE 80