Why Musk Supports Trump’s Plan to Axe EV Tax Credits

The final chapter of the electric vehicle price war, sparked by Tesla's Elon Musk, hinges on President-elect Donald Trump's plan to eliminate the $7,500 consumer tax credit. Sources with direct knowledge told Reuters that the Trump team has discussed ending the EV tax credit as part of broader tax reform legislation. Sources indicated that Tesla - the largest EV automaker in the US and the only one not reliant on EV credits for survival - told the Trump transition committee that it fully supports the federal government ending the subsidy. Here's…