Automakers have moved factories to the U.S. in response to the tax credit, and that’s created tens of thousands of jobs.

The instant removal of tax credits could have serious consequences on EV sales, but in the long run, it could not matter at all.

As President-elect Donald Trump prepares for his second term, advocates for electric vehicles fear that his campaign promise to end federal tax credits on the vehicles could put a damper on this small but growing segment of the car market.

The $7,500 electric vehicle tax credit the Biden administration introduced under the Inflation Reduction Act (IRA) has been a game-changer for American drivers seeking affordable entry into the clean energy revolution.

President-elect Donald Trump has suggested eliminating the federal tax credit for electric vehicles, and some experts expect a drop in EV sales to follow.

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

California could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the $7,500 federal EV tax credit. Gov.

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

Governor Gavin Newsom has announced plans to revive California's electric vehicle (EV) rebate program if the incoming Trump administration eliminates the federal $7,500 EV tax credit. The move would position California as a safety net for clean energy consumers,