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. You shouldn’t expect a Republican-run Washington to deliver a full repeal of Democrats’ Inflation Reduction Act of 2022,

As the incoming Trump administration prepares to make aggressive cuts to government spending, one major provision of the landmark Inflation Reduction Act appears to be on the chopping block: the consumer tax credit for purchasing an electric vehicle.

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 continue to prove the skeptics wrong – zero-emission vehicles are here to stay,

The governor’s office says Tesla may not be eligible for the rebate program, citing an effort to encourage market competition.

California Gov. Gavin Newsom announced a proposal Monday that would implement a state rebate for electric vehicle purchases in response to the incoming presidency of Donald Trump

California is prepared to offer state tax rebates for electric vehicle purchases if the incoming Trump administration scuttles the federal EV tax credit, the governor said.

Tesla Inc.’s electric vehicles would be excluded from consumer rebates proposed by California’s governor, a decision by state lawmakers aimed at spurring greater competition that’s likely to draw the ire of Elon Musk.