California Wants to Offer Electric Vehicle Rebates if Trump Eliminates $7,500 Federal Tax Credit

Gov. Gavin Newsom said greenhouse-gas credits would fund EV rebates.

Business - The Wall Street Journal - Yesterday

Newsom Challenges Trump on Electric Vehicle Tax Credits

Gov. Gavin Newsom said California would fill the void for residents if the Trump administration killed a $7,500 E.V. tax credit.

Top stories - The New York Times - Yesterday

Newsom says California will intervene if Trump kills $7,500 EV tax credit

California Gov. Gavin Newsom (D) said Monday the state of California will intervene if President-elect Trump eliminates the electric vehicle tax credit passed under President Biden. “Consumers ...

Politics - The Hill - Yesterday

Electric Vehicle Companies, Battery Makers Urge Trump to Keep Tax Credits

The Trump transition team wants to kill the $7,500 consumer tax credit for electric-vehicle purchases.

Business - Inc. - November 15

Gov. Gavin Newsom says he will provide residents rebates if Trump removes EV tax credit

California Gov. Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump's incoming administration does away with a federal tax credit for electric vehicles.

Trump’s tax plans: $7,500 EV credit likely to get axed, as tariffs spark anxiety

One tax credit that appears on track for elimination is an Inflation Reduction Act provision that can provide up to $7,500 to buyers of electric vehicles.

Business - MarketWatch - November 12

Act now for $7,500 EV tax credit: There's 'real risk' Trump will axe funding in 2025, lawyer says

Trump and Republicans on Capitol Hill will likely slash Biden-era tax breaks for electric vehicles in 2025 to raise money for a tax cut package.

Business - CNBC - 6 days ago

Act now for $7,500 EV tax credit: Experts say there's a risk Trump will axe funding in 2025

Prospective car buyers considering an electric vehicle may need to act fast to get a Biden-era EV tax credit worth up to $7,500, due to the likelihood that President-elect Donald Trump and ...

When will Trump and congressional Republicans end the $7,500 EV tax credit? One estimate says Jan. 1, 2026.

It could be the end of the road soon for a key tax credit that provides up to $7,500 to buyers of electric vehicles — and one forecasting firm is offering an estimate for when it might run out.

Business - MarketWatch - 13 hours ago

Trump Won. What Will Happen to Electric Vehicles?

Thanks to Elon Musk’s influence, the president-elect has waffled on the future of America’s electric transition.

Tech - Wired - November 6

Will Musk Influence Trump on Climate Change and Electric Vehicles?

The Tesla billionaire is a key figure in the president-elect’s orbit. One question is whether his views on climate and clean energy will have any sway.

World - The New York Times - November 8

Trump wants to provide a tax credit for caregivers. Here's what experts say about the proposal

At a recent campaign rally, President-elect Donald Trump said "it's about time" caregivers are recognized. Here's what we know about his tax credit proposal.

Business - CNBC - November 13

Will Newsom's expanded tax credit program save California's film industry?

Gov. Gavin Newsom unveiled plans over the weekend to raise the cap on California's film and TV tax credit program. Will it save Hollywood from ruin?

Entertainment - Los Angeles Times - October 28

What a second Trump term means for car prices and electric vehicles

Car shoppers who have held off on buying a vehicle due to affordability concerns are unlikely to see relief if President-elect Donald Trump imposes the new tariffs he proposed during his campaign.

Business - MarketWatch - November 11

Trump's win could sharply raise the cost of electric vehicles. Here's why.

Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.

How a second Trump administration could affect electric vehicle sales

Electric vehicle sales hit an all-time high this summer, but some worry the incoming Trump administration could put a dent in sales. Ryan Yamamoto explains why.

Automakers Want Trump to Keep Federal E.V. Regulations in Place

Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce E.V.s. But Detroit wants to keep them.

Business - The New York Times - 5 days ago

Trump proposes eliminating the income tax. Here's what experts think.

Experts cast doubt on whether the lost revenue could be replaced with tariffs.

California could leave Tesla out of a proposed EV rebate programme

Gavin Newsom’s plan sets up another potential clash with the carmaker’s chief Elon Musk

World - Financial Times - Yesterday

A California EV Rebate That Could Exclude Tesla? Musk Says That’s ‘Insane’

Gov. Gavin Newsom is gearing up for a fight against the incoming Trump administration on electric vehicles. Tesla is on the frontlines.

Business - Inc. - 12 hours ago

How California has been ‘Trump-proofing’ itself against federal reprisal

Newsom also announces special session of legislature to ensure state agencies’ funding and says: ‘We won’t sit idle’. US elections 2024 – live updates California prided itself on its ...

World - The Guardian - November 7

EV tax credits could soon vanish. Is now the time to buy?

California plans to blunt any GOP efforts to scrap U.S. tax rebates for electric vehicles. But with uncertainty ahead, experts say current savings may not last.

Despite Trump Threat to Tax Credits, Auto Industry Continues Shift to EVs

Carmakers won’t reverse their $160 billion investment in vehicles that don’t use fossil fuels, while EV startup Rivian gets financing for a Georgia factory.

Business - Inc. - 16 hours ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk's electric vehicle company

Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House

Tech - ABC News - November 6

EU drives through tariffs on Chinese electric vehicles

Levies totalling up to 45% needed to compensate for Beijing’s ‘injurious’ subsidies, says Brussels

Business - Financial Times - October 30

Beijing and Brussels tariff talks on electric vehicles continue

World - Yahoo News - November 8

Recall affects roughly 240,000 electric vehicles

Some 240,000 electric vehicles are being recalled because of the risk they could lose power while being driven. Some of the affected models include Kia vehicles and the Hyundai Genesis.

Trump wants to end 'wokeness' in education, vowing to use federal money as leverage

President-elect Donald Trump has a vision for education that revolves around a single goal: to rid America’s schools of perceived “wokeness” and “left-wing indoctrination.”

Trump has pledged to wage war on planet Earth – and it will take a progressive revolution to stop him | George Monbiot

Voters have never been swayed by ‘rational debate’. Only a genuine change in the way we do politics can prevent the march of the right. We were losing slowly. Now we are losing quickly. Democracy, ...

World - The Guardian - November 7

Many parents voted for Trump. His top priority should be expanding the child tax credit, advocates say.

Parents — specifically, male parents — voted for President-elect Donald Trump this election cycle in an ongoing show of support for the Republican Party by voters with children, according to exit ...

Business - MarketWatch - November 7

G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions

Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

Business - The New York Times - October 30

The EU is imposing duties on electric vehicles from China after trade talks fail

The European Union says it will impose duties on imports of electric vehicles from China on Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade ...

World - ABC News - October 30

What to know about Europe's tariffs on Chinese electric vehicles

The European Union has finalized its sharply higher customs duties on electric vehicles imported from China

Tech - ABC News - October 30

Europe Imposes Higher Tariffs on Electric Vehicles Made in China

The tariffs, some as high as 45 percent, are intended to protect Europe’s automotive sector, but they could escalate a trade war with China.

Business - The New York Times - October 31

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