EVTaxCredit

U.S. Automakers Advocate for Gradual Phase-Out of EV Tax Credits

2 months ago

In a significant development for the electric vehicle (EV) market, major U.S. automotive manufacturers are lobbying for a gradual reduction of federal EV tax credits. This initiative reflects the industry's growing confidence in the EV sector and the need for a strategic transition that would allow automakers to adapt to changing market dynamics.

Trump's Executive Freeze Promises to Disrupt Biden's Green Initiatives

2 months ago

In a bold move earlier this week, former President Donald Trump announced a new executive order that directly targets the core components of President Biden’s environmental policies, particularly focusing on the controversial Green Bank program and electric vehicle (EV) tax credits. This sweeping action aims to freeze funding and implementation of numerous green initiatives that were designed to bolster the shift towards renewable energy and sustainable transportation.

Trump's Proposal to Eliminate EV Tax Credit Causes Rivian and Tesla Stocks to Plummet

5 months ago

The electric vehicle market faced significant turbulence as shares of major manufacturers like Rivian and Tesla dipped sharply following reports that former President Donald Trump is considering plans to abolish the federal electric vehicle (EV) tax credit. This potential policy shift has sent shockwaves through the industry, with analysts and investors closely monitoring the implications for EV sales and the broader transition to sustainable transportation.