Trump's transition team seeks to abrogate Biden's EV tax credit: Reuters
Diplomatic CircuitNov 15, 2024
US President-elect Donald Trump's transition team is aiming to end a tax credit for electric vehicle (EV) purchases, a key element of President Joe Biden's Inflation Reduction Act, as part of broader tax reform legislation, Reuters reported Thursday, citing two unnamed sources. The potential repealing of the $7,500 consumer tax credit is being discussed in meetings by an energy-policy transition team, which is headed by Harold Hamm, founder of Continental Resources, and North Dakota Go