“The U.S. Senate’s passage of President Trump’s tax bill, which ends the $7,500 EV tax credit by September 30, 2025, has sparked concerns in India’s EV sector. The move could weaken U.S. EV makers like Tesla, potentially benefiting Chinese rivals. Indian automakers and policymakers are closely monitoring the impact on global EV markets and India’s … Read more
The US used electric vehicle (EV) market is witnessing a record surge in sales, driven by a looming federal tax credit deadline. Buyers are rushing to claim up to $4,000 in incentives for eligible used EVs priced under $25,000 before potential policy changes in 2025. Rising demand for affordable models and off-lease vehicles fuels this … Read more
“Elon Musk has fiercely criticized U.S. President Donald Trump’s tax bill, calling it “insane and destructive” for slashing electric vehicle (EV) tax credits. The bill, passed by the Senate, ends the $7,500 EV credit by September 2025, threatening Tesla’s sales and the broader EV industry. Musk’s feud with Trump escalates, with the billionaire threatening to … Read more
Senate Republicans are pushing to terminate the $7,500 electric vehicle (EV) tax credit by September 30, 2025, as part of a revised tax and budget bill. The move, which also eliminates fines for automakers missing fuel economy standards, reverses Biden-era policies promoting EVs. The House version, however, proposes extending the credit, highlighting a GOP internal … Read more