<ul><li>President-elect Donald Trump’s White House reportedly plans to kill the electric vehicle tax credit, which can take up to $7,500 off the price of an EV at the federal level.</li><li>The tax credit was revised by the Biden administration as it removed the previous cap that manufacturers had.</li><li>However, a new White House administration with less leniency plans to eliminate the tax credit altogether, the report suggests.</li><li>Tesla would be fine if the credit disappeared, but other companies like General Motors, Ford, and Rivian would likely feel its impact severely.</li></ul>

Trump White House plans to ‘kill’ EV tax credit: report

Discover more