Thursday , 21 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Your email address will not be published.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

US leading Index for October -0.4% vs -0.3% estimate

Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...

US existing home sales for October 3.96M versus 3.93M

Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...

BOE Mann: BOE should hold rates longer to evaluate persistence

BOE Mann (hawk) says:BOE should hold rates longer to evaluate processesCan make...

NZDUSD index moves lower and sellers are in control, but there is some key support holding

The NZDUSD fell sharply last week and in the process fell below...