DETROIT - When former President Donald Trump campaigned on a promise to end the $7,500 electric vehicle tax credit, many people pointed to his newfound close ties with Tesla CEO Elon Musk as proof that he wouldn't really act to deliberately harm America's nascent EV sector. But as with all things Musk, it's not that simple. It never
WASHINGTON DC - Consumers no longer have to wait to file their annual tax returns to get a tax break for the purchase of a new electric vehicle. At the start of 2024, the federal “new clean vehicle” tax credit became available as a point-of-sale discount — worth up to $7,500 — at car dealerships.
Tesla Inc.’s latest discounts will newly qualify one of its models for federal subsidies that Elon Musk said years ago the U.S. should scrap. By dropping the starting price of the Model X to $79,990 — a $41,000 reduction from the start of the year — Tesla made the sport utility vehicle eligible for the federal tax credits revamped by the Inflation
