Trump Says He May End EV Tax Credit If Elected

ANOTHER REASON NOT TO VOTE FOR HIM

Written: 2024-08-20 

Photo : YONHAP News

U.S. Republican presidential candidate Donald Trump reportedly said that, if elected, he would consider ending the 75-hundred dollar tax credit for electric vehicle purchases, calling it “ridiculous.”

According to Reuters, Trump made the remark in an interview on Monday after a campaign event in Pennsylvania, saying that tax credits and tax incentives are generally not beneficial. 

The possible elimination of the U.S. tax credit is expected to strike a blow to electric vehicle sales and have a negative impact on South Korea’s battery industry.

Trump also said that, if elected, he would tap Elon Musk, the CEO of Tesla and SpaceX, for a cabinet or advisory role “if he would do it.”