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2024

Trump Targets Biden's EV Tax Incentives

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Donald Trump will end EV subsidies of up to $7,500 per car if he is elected president in November. “Tax credits and tax incentives are not generally a very good thing,” the Republican candidate told Reuters in an interview. “I'm not making any final decisions on it,” he added. “I'm a big fan of electric cars, but I'm a fan of gasoline-propelled cars, and also hybrids and whatever else happens to come along.” The so-called tax incentive that the Biden administration expanded when it came into office in 2020 aims…