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

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

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.

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

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

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

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

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. - 15 hours ago

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

Newsom to Visit California’s Trump Country: ‘Message Received’

Gov. Gavin Newsom acknowledged that residents were frustrated by economic problems and said that Democrats needed to address their concerns.

Top stories - The New York Times - 5 days ago

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 Gov. Newsom calls for special legislative session after Trump win

California Gov. Gavin Newsom (D) issued a proclamation Thursday to convene a special session of the state Legislature, with the goal of preserving civil rights and enabling potential litigation ...

Politics - The Hill - November 7

California Gov. Gavin Newsom preparing to "Trump-proof" his state

Governors in blue states are preparing to push back against the incoming Trump administration's agenda. California Gov. Gavin Newsom has called a special session of the legislature to "Trump-proof" ...

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

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. - 11 hours ago

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

Toyota says California-led EV mandates are 'impossible' as states fall short of goal

CARB's regulations call for 35% of 2026 model year vehicles, which will begin to be introduced next year, to be zero-emission vehicles (ZEV).

Business - CNBC - November 8

Officials say a California man who owed couple $80K killed them and burned their bodies in the desert

A Los Angeles-area man who officials say killed a couple and burned their bodies and vehicles has been charged with murder, kidnapping, arson and burglary.

The markets could have the final say on Trump’s tax cuts and tariffs

Financial markets could wind up as the final arbiter about whether he has gone too far.

Politics - The Hill - November 15

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

Newsom? Whitmer? Shapiro? 2024 Could Kill Their 2028 Dreams.

Trump’s big victory is sure to scramble the Democrats’ bench.

Top stories - The New York Times - November 14

Iranian Agents Plotted to Kill Trump, U.S. Says in Unsealed Charges

The allegation came in a complaint that said Masih Alinejad, a Brooklyn activist, had been the target of a second assassination attempt.

Top stories - The New York Times - November 9

State Street says it is ‘shopping’ for a private credit manager

Money manager tries to catch up with rivals as investors shift into unlisted assets

Business - Financial Times - November 5

Former San José mayor wins California House seat, dealing blow to Newsom

Former San José Mayor Sam Liccardo is projected to win California’s 16th Congressional District against fellow Democrat Evan Low, according to Decision Desk HQ. Liccardo's victory is notable given ...

Politics - The Hill - November 6

Trump tears into Newsom over special legislative session

President-elect Trump has criticized California Governor Gavin Newsom for calling a special legislative session to "safeguard" the state ahead of his return to the White House in January, while ...

Politics - The Hill - November 8

Trump’s plans threaten the EV transition

An abrupt change of course on US subsidies would come at a time when demand is already slowing in developed economies

World - Financial Times - 9 hours ago

Trump’s Tax Plans

Three scenarios for how Republicans could approach cutting taxes next year.

Top stories - The New York Times - November 15

Trump promised no taxes on Social Security benefits. It's too soon to plan on that change, experts say

Even with Trump win and a Republican majority, plans to nix taxes on Social Security benefits may still face hurdles.

Business - CNBC - November 6

Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs

Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.

Business - CNBC - November 7

Capital gains tax hikes 'entirely off the table' under President-elect Trump, Republican Congress, economist says

Higher capital gains taxes are unlikely under President-elect Donald Trump and a Republican-controlled Congress, experts say.

Business - CNBC - November 7

Here's why Trump's tax plans could be 'complicated' in 2025, policy experts say

President-elect Donald Trump's tax plans could be complicated as Congress debates competing priorities in 2025. Here's what to know.

Business - CNBC - November 19

Intuit Maintains Full Year Guidance; CEO Says Trump Administration Won't Build Tax-Filing App

President-elect Donald Trump’s incoming administration doesn’t “want to add to the bureaucracy and they don’t want to add investments to create something…that already exists,” said Chief Executive ...

Business - The Wall Street Journal - 5 days ago

California drug bust yields enough fentanyl to kill quarter of state’s population

Officials uncovered ‘alarming amount of fentanyl-laced pills’ during routine traffic stop in state’s central valley. A routine traffic stop in California’s central valley turned into a major ...

World - The Guardian - November 3

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