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Report: Trump administration wants to get rid of tax credit for EVs | The Hill

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November 15, 2024

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House Ways and Means Committee member Rep. Greg Murphy, R-N.C., will be one of the congressmen tasked with rewriting the tax code. He joins "The Hill" to discuss a report that Trump's new administration will get rid of a tax credit for electric vehicles, which goes up to $7,500. Murphy says the tax credit is "not needed" and that most of the people who received the credit were those who could already afford the vehicles without the credit.

#DonaldTrump #EVs #electricvehicles

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ReportHouse WaysMeans CommitteeRep Greg Murphy R-NCThe HillDonaldTrump EVsAmericans WeekdaysAmerica More

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Report: Trump administration wants to get rid of tax credit for EVs | The Hill · Newsnation · Sentinel