Why the US Should Retain the Federal EV Tax Credit
President-elect D. Trump's second administration could have major repercussions for America's nascent battery electric vehicle (BEVs) industry. The incoming president has made his disdain for Biden's EV-related investments clear, and his administration is set to get rid of the $7,500 federal tax credit for EV purchases. The credit has been a godsend for both consumers and automakers by making electric cars more affordable for buyers and helping carmakers sell their often pricey electric cars. However, Trump is opposed to all things related to green energy, BEVs included, and has vowed to reverse all of the outgoing administration's EV policies once…
