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The Truth About Cars

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QOTD: Should The EV Tax Credit Go Away?

  • There is a possibility that the $7,500 federal tax credit for electric vehicles could be eliminated to pay for President Donald Trump's tax cuts.
  • House Speaker Mike Johnson implied it's likely but left room for the credit to be kept.
  • The question of whether the tax credit should be kept and the potential impact on the EV industry, especially on EV sales, is being discussed.
  • Stakeholders have varying opinions on the matter, with some arguing that the tax credit should stay to incentivize EV purchases, while others believe some buyers do not really need the credit.

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