Climate Politics
Biden’s EV Tax Credits Are a Ripe Target for Gutting If Trump Wins
A second Trump administration could tighten the rules for the $7,500 credits so fewer cars qualify, undercutting a key piece of Democrats’ Inflation Reduction Act.
A Chevrolet Bolt at a dealership in Colma, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
It’s never been cheaper to buy an electric vehicle in the US, thanks largely to tax credits in President Joe Biden’s signature climate law worth $7,500 apiece.
Those incentives may be on borrowed time.