By Free Republic | Created at 2024-11-15 03:20:49 | Updated at 2024-11-23 04:56:09
1 week ago
Trump's transition team aims to kill Biden EV tax credit
Reuters ^ | November 14, 2024 | By Jarrett Renshaw, Chris Kirkham and Nora Eckert
Posted on 11/14/2024 6:52:40 PM PST by Oldeconomybuyer
Nov 14 (Reuters) - President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla (TSLA.O), opens new tab - by far the nation's biggest EV maker - have told a Trump-transition committee they support ending the subsidy, said the two sources, speaking on condition of anonymity.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: election2024; electric; vehicles
Dear FRiends, Please use this temporary link to donate by credit card via Authorize.Net:
Or click here to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Hopefully, we'll have our normal CC system up and running again soon. Thank you very much for your loyal support!
To: Oldeconomybuyer
Tesla (TSLA.O), by far the nation's biggest EV maker - have told a Trump-transition committee they support ending the subsidy.
Musk doesn't need government subsidies to sell Teslas.
All the others do, though.
2 posted on 11/14/2024 6:54:42 PM PST by Drew68 (Today I'm thoroughly enjoying eating crow salted with liberal tears. Best meal I've ever had!)
To: Oldeconomybuyer
Can we kill the Ethanol Subsidy too?
3 posted on 11/14/2024 6:55:00 PM PST by Uncle Miltie (NOT TIRED OF WINNING!)
To: Uncle Miltie
He needs to do something with the Post Office if possible. Supposed to be a private company but suck at the Federal tit a lot.
4 posted on 11/14/2024 6:58:16 PM PST by oldasrocks
To: Oldeconomybuyer
The price of EV’s will drop by $7K. Yet the left will fail to realize that the tax credit artificially inflated EV prices all these years and actually harmed consumers.
5 posted on 11/14/2024 6:59:52 PM PST by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Oldeconomybuyer
HUZZAH!
EVs are a MASSIVE SCAM/BOONDOGGLE!
6 posted on 11/14/2024 7:02:27 PM PST by Taxman (MAKE AMERICA GREAT AGAIN! SUPPORT THE FAIRTAX!)
To: Uncle Miltie
The so-called Renewable Fuel Standard is a creation of Congress.
7 posted on 11/14/2024 7:04:43 PM PST by DSH
To: Oldeconomybuyer
Here is an actual news source OP.
8 posted on 11/14/2024 7:10:12 PM PST by jdt1138 (Where ever you go, there you are.)
To: jdt1138
9 posted on 11/14/2024 7:12:22 PM PST by jdt1138 (Where ever you go, there you are.)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
