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Stock impact report

Eliminating The Electric Vehicle Tax Credit Would Be A Huge Mistake [Forbes]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Forbes
electricity Flex Alert urging conservation to avoid blackouts in Monterey Park, California on August 31, 2022. Californians were told August 31, 2022 not to charge their electric vehicles during peak hours, just days after the state said it would stop selling gas-powered cars, as the aging electricity grid struggles with a fearsome heatwave. Temperatures as high as 112 degrees Fahrenheit (44 degrees Celsius) were forecast in some Los Angeles suburbs as a huge heat dome bakes a swathe of the western United States. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images According to sources that spoke to Reuters , President-elect Donald Trump intends to dismantle the $7,500 electric vehicle (EV) tax credit —which could have implications far beyond individual car buyers and be a major setback for the American automotive industry. The proposed rollback is part of a broader tax reform strategy aimed at prioritizing fossil fuel energy Show less Read more
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