EV tax credit elimination: What it could mean for Tesla and the US auto industry if it ends
The reconciliation bill working its way through Congress would eliminate the electric vehicle tax credit created under the Inflation Reduction Act. The removal of the credit, created to incentivize U.S. consumers to purchase electrified vehicles, would likely lead to a drop in EV sales and production. However, Tesla sales would likely remain largely unaffected, one expert predicts."Getting rid of this $7,500 tax credit should not impact [Tesla] sales," automotive expert […]
