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The Verge

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Image Credit: The Verge

So long, EV tax credits

  • After Donald Trump won his second term, he aimed to end President Joe Biden's 'EV mandate' through a series of executive orders and actions by Congress.
  • Congressional Republicans have passed a bill to end tax credits for clean energy, including the $7,500 EV tax credit and incentives for other renewable energy projects.
  • The proposed bill would impose an annual $250 tax on EV owners for road and infrastructure improvements, while hybrid owners would face a $100 tax.
  • The future of the EV industry looks bleak as the U.S. falls behind in clean energy investments, potentially leading to fewer jobs and stalled projects in Republican-leaning districts.

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