Thursday , 14 November 2024
Home Forex Trump transition palns to kill $7500 consumer tax credit for electric vehicles — report
Forex

Trump transition palns to kill $7500 consumer tax credit for electric vehicles — report

Reuters reports that Trump’s transition team is targeting ending the $7500 consumer subsidy for buying an electric vehicle, citing two sources.

Trump has mentioned ending it so it’s not a big surprise.

The report says Tesla supports ending it and notes that Elon Musk has said that while it would hurt Tesla sales, it would devastate rivals.

The transition team believes ending it would be an easy win in a Republican Congress and save money.

Shares of Tesla caught a huge post-election bump but are down 3% today. I’d ima

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ASX 200 higher by 0.1% in early trade

Australia's ASI's 200 is higher by 0.1% in early trading. A modest...

USDJPY runs higher yesterday and continues the bullish bias

The USDJPY moved above a swing area yesterday between 154.54 and 155.21...

The EURUSD starts the new day with the bears still in control

The EURUSD fell to new low in 2024 and low going back...

Elon Musk met with Iran’s UN Ambassador in attempt to defuse US-Iran tension

In more geopolitical news:Meeting: Elon Musk met with Iran’s U.N. Ambassador Amir...