Latest in Despite Trump Threat to Tax Credits, Auto Industry Continues Shift to EVs
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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 -
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 -
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.Top stories - NBC News - 18 hours ago -
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 ...Top stories - NBC News - 6 days ago -
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.Top stories - NBC News - Yesterday -
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 - 14 hours ago -
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 -
Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...Politics - The Hill - November 15 -
The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back.Business - CNBC - Yesterday -
The auto industry is pulling back on its 'capital junkie' tendencies after unprecedented spending on EVs, self-driving
The auto industry has an addiction.Top stories - NBC News - Yesterday -
Trump’s Tariffs Would Deal a Big Blow to the Auto Industry
Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.Business - The New York Times - 12 hours ago -
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 -
Climate fight 'bigger than one election', says Biden’s top envoy
COP29 climate summit opens amid fears the US election will derail efforts to stop the planet heating up.Top stories - BBC News - November 11 -
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.Business - MarketWatch - November 14 -
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 -
Global carbon deal agreed even as US warns climate may be on ‘back burner’
Biden diplomat at COP29 says Trump’s election is ‘bitterly disappointing’ for those worried about global warmingBusiness - Financial Times - November 11 -
U.S. climate envoy says work will continue despite Trump’s return
U.S. climate envoy John Podesta said President-elect Donald Trump can slow, not stop, the transition from fossil fuels when he returns to office in January.Top stories - NBC News - November 12 -
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Bolts escape, credit culture shift under Harbaugh
The defense and QB Justin Herbert buoyed the Chargers as they avoided another late-game meltdown to beat the Bengals on Sunday night, a scenario that illustrated how different the team is under ...Sports - ESPN - November 18 -
EV targets 'will not be weakened' despite pressure
Transport Secretary Louise Haigh says the rules will remain, but car firms warn they are too strict.Top stories - BBC News - November 17 -
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 -
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 -
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 -
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Ferrari Defies Wider Auto Industry Malaise With Higher Sales, Earnings
Ferrari posted higher sales and earnings in the third quarter and said it was more confident that it would hit its annual guidance, racing ahead of other car makers that are grappling with ...Business - The Wall Street Journal - November 5 -
Big Tech’s shift on Trump
Outrage over his 2016 election victory has given way to wariness but also anticipation of opportunitiesWorld - Financial Times - November 7 -
Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - November 5 -
Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run ...Tech - ABC News - November 2 -
The Trump vibe shift was there for all to see
Voters didn’t enter the polling booths holding their noses; they went in with their eyes wide openWorld - Financial Times - 3 days ago -
Colorado governor says tax cuts key to state's shift left
Colorado Gov. Jared Polis (D) said on Wednesday tax cuts are key to his state’s shift to the left in the wake of President-elect Trump’s win in the 2024 presidential election. Republicans made ...Politics - The Hill - November 8 -
SoFi’s stock rally takes a breather despite improving credit trends
Analysts called out improvement in credit performance as a major positive coming out of SoFi’s third-quarter report, but the stock was falling hard.Business - MarketWatch - October 29 -
The World’s Biggest EV Maker Has the Industry’s Worst Human Rights Appraisal
Amnesty International has issued a report charting the supply chains and human rights due diligence policies of 13 major EV manufacturers. The results are a world away from the clean, safe future ...Tech - Wired - 4 days ago -
We're buying more of this industrial stock that's fallen despite a great quarter
The company's stock has given up its post-earnings gains, despite positive news.Business - CNBC - November 19 -
Facebook Is Auto-Generating Militia Group Pages as Extremists Continue to Organize in Plain Sight
Ahead of the election, anti-government militias are using Facebook to recruit, coordinate training, and promote ballot box stakeouts. Meta isn’t shutting their groups down and is even ...Tech - Wired - October 29
