U.S. stock indexes dipped slightly on Tuesday as recent momentum paused and traders shifted focus to ongoing political discussions and upcoming economic updates. After hitting fresh highs on Monday, the S&P 500 saw a mild drop of 0.3%. The Dow Jones also slipped by 0.2%, while the Nasdaq fell 0.4%, largely dragged down by a … Continue reading “Stock Market Live: Tesla Falls, Dow and Nasdaq Slip as Senate Acts on Tax Plan and AI Law”
Written by EVadmin
Jon McNeill, former Tesla president of global sales and service and current GM board member, said the U.S. electric vehicle market can continue expanding even after the federal $7,500 EV tax credit expired. Speaking to CNBC, McNeill said that broader availability of models and more affordable options will sustain consumer interest. “There are now 65 … Continue reading “EV Market Expected to Grow Despite End of $7,500 Tax Credit, Says Former Tesla Exec”
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Rendering: FREYR More than $14 billion in US renewable and EV investments and 10,000 new jobs have been scrapped or put on hold since January, according to a new analysis from E2 and the Clean Economy Tracker. The reason: growing fears that the Republican-majority Congress will pull the plug on federal clean energy tax credits. … Continue reading “$14B in EV, renewable projects scrapped as tax credit fears grow”
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On today’s sunny side up episode of Quick Charge, we take a look at the latest from the world of solar power, and discuss Congressional Republicans’ plans to limit your energy independence by eliminating a critical tax credit for homeowners nearly ten years early. (!) We’ve also got a quick review of a massive solar … Continue reading “State of the solar industry as GOP eliminates homeowner’s tax credits”
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If the Trump Administration eliminates the federal EV tax credit, it could have a devastating effect on U.S. manufacturing, a new study warns. Produced by the REPEAT Project, a Princeton University group that analyzes environmental policy, the study found that killing the $7,500 tax credit would reduce EV demand, as well as endanger manufacturing jobs … Continue reading “Study: Trump killing EV tax credits would decimate US industries”
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In a rollercoaster turn of events, Hyundai and Kia EVs are expected to again qualify for the full $7,500 federal tax credit. With new models rolling out this year, the Korean auto giants expect another big year in the US in 2025. After opening the doors to its new manufacturing plant in Georgia, Hyundai said … Continue reading “Hyundai and Kia EVs are set to regain the $7,500 US tax credit”
Written by EVadmin
We don’t want to sound alarmist, but it sure looks like President-elect Donald Trump and his billionaire buddies are plotting to kill federal EV tax credits somewhat sooner than later – and the tariffs they’re promising aren’t going to make cars cheaper anytime soon, either. So if you’re in the market for a new EV, … Continue reading “Get these 0% financing deals before Trump kills the EV tax credits”
Written by EVadmin
California will provide its residents with $7,500 rebates for electric vehicles if the incoming Trump administration eliminates the federal EV tax credit, Governor Gavin Newsom declared Monday. Trump’s transition team has indicated that killing the federal EV tax credit is a priority, as it’s viewed as an easy target in a likely Republican-controlled Congress and … Continue reading “California will give $7,500 rebates if Trump kills EV tax credit”
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Fewer qualifying EVs in 2025 would mean less money flowing from taxpayers to EV buyers. This, in turn, would reduce the savings Republican lawmakers might expect from eliminating the 30D credit. The GOP is expected to aggressively seek spending cuts to help offset the costs of extending the 2017 tax package passed during the first … Continue reading “Will Trump’s plan to kill the EV tax credit help China?”
Written by EVadmin
Tax credits are the driving force behind the Inflation Reduction Act’s unprecedented investment in clean energy. But there’s a catch to relying on tax credits: The amount of money a company can receive from them is limited to what it pays in taxes each year. In recent decades, a workaround that helps firms monetize a greater amount of tax credits … Continue reading “The tax code change unleashing $25B in clean energy investment”