EV companies, battery makers urge Trump not to kill vehicle tax credits

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Ev Companies News

EV Tax Credits

WASHINGTON, Nov 16 — A group representing major electric vehicle and battery manufacturers yesterday urged President-elect Donald Trump not to kill tax credits for electric...

‘I can still hear her voice’: Mother’s plea for justice after daughter killed by falling container in Bukit MertajamThe Zero Emission Transportation Association - whose members include Rivian LG, Tesla, Uber , Lucid and Panasonic - said production tax credits have driven enormous job gains in states like Ohio, Kentucky, Michigan and Georgia, and warned killing those production and consumer tax credits would undercut those investments and hurt American job growth.

Reuters reported on Thursday the Trump transition team wants to kill the US$7,500 consumer tax credit for electric-vehicle purchases, citing sources. EV and battery maker stocks fell on the Reuters report. Representatives of biggest EV maker Tesla told a Trump-transition committee they support ending the subsidy, Reuters reported.

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