The EV tax credit is dead - here’s what happens next | NYGazet

The $7,500 federal EV tax credit is no more, thanks to Trump and the Republicans. Now the auto industry will have to build affordable EVs with no help from the government.

For EVs, it’s Zero Hour. When the clock strikes midnight on Oct. 1, the $7,500 federal tax credit on EVs will expire, potentially turning affordable electric carriages into showroom pumpkins. Sales of electric cars are certain to dip. Real-world pric... [10294 chars]