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Why Killing EV Tax Credits Hurts Drivers More Than Automakers

  • Republican lawmakers in the U.S. proposed ending the $7,500 federal tax credit for new EVs and $4,000 credit for used EVs, affecting the EV ecosystem.
  • Impact on battery affordability, EV resale value, aftermarket upgrades, U.S.-based EV jobs, and tech innovation if tax credits are removed.
  • Current incentives include up to $7,500 off new EV purchases, $4,000 off used EVs, local rebates, and home charging equipment incentives.
  • Suggested actions include upgrading home charging, planning road trips with essential accessories, and preserving EV resale value before potential policy changes.

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