President Trump’s giant tax and spending plan slices into every aspect of the national effort to address climate change—including clean energy incentives.
One of the cuts that will be most visible to consumers, and will happen most quickly, is the elimination of the $7,500 consumer tax credit for buying a new electric vehicle and the $4,000 tax credit for buying a used electric vehicle.
Dan explains what car buyers can expect as the cut-off date looms this summer, how the changes will hit the U.S. auto industry, and what it all means for global competition and the future of EVs.
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