Act now for $7,500 EV tax credit: Experts say there's a risk Trump will axe funding in 2025 [MSNBC.com]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: MSNBC.com
Prospective car buyers considering an electric vehicle may need to act fast to get aBiden-era EV tax creditDonald Trumpwill axe“There’s no question there’s real risk in the EV credit going away” in 2025, said Jamie Wickett, a partner at law firm Hogan Lovells who specializes in federal tax policy, energy and the environment.“If you’re a consumer in the market for an EV, I would without a doubt push that into 2024, if at all possible — whether an outright purchase or a lease — just to reduce the risk of the credit going away,” Wickett said.The Inflation Reduction Act offered federal EV tax breaks through 2032 for consumers who buy or lease new or used EVs, including all-electric andplug-in hybrid electricThe credit is worth up to $7,500 for new cars and $4,000 for used ones.The IRA, which PresidentJoe Bidenmade it easierpay the funds upfront at purchaseTrump pledged to ‘cancel the electric vehicle mandate’The Trump transition team reportedly aims to eliminate the EV credits to raise mo
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STLA
Sec Filings
- 11/22/24 - Form 6-K
- 11/8/24 - Form 144
- 10/31/24 - Form 6-K
- STLA's page on the SEC website