<ul><li>The Trump administration is aiming to remove the IRS clean vehicle tax credit, making electric vehicles and plug-in hybrids less affordable, according to Reuters.</li><li>Under President Joe Biden's climate legislation, the clean vehicle tax credit was revamped with new eligibility criteria including domestic production requirements, price caps, and income limits.</li><li>This change aimed to address the criticism that the tax credit mainly benefited the wealthy.</li><li>However, leased electric vehicles are exempt from these conditions, providing a loophole for eligibility.</li></ul>

Trump team puts EV tax credit on the block, Tesla is on board: Report

Discover more