President-elect Donald Trump's team is formulating plans to eliminate the $7,500 tax incentive for electric vehicle buyers.

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

Prominent Tesla Inc investor Ross Gerber blasted Tesla's reported support for eliminating the $7,500 federal electric vehicle tax credit, calling the position "insanity" on social media platform X.

Shares of electric vehicle companies including Tesla fell Thursday after a report that the incoming Trump administration hopes to end $7,500 consumer tax credits on the purchase of EVs. Tesla shares ...

Chinese billionaire Lei Jun was photographed sleeping on the factory floor, referencing Elon Musk. The founder and CEO of ...

It’s not the first time a president has empowered a business tycoon to look for ways to dramatically cut federal regulations.

Shares of Tesla and other electric vehicle makers fell Thursday after a report President-elect Donald Trump and his ...

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 ...

Time may be running out for Americans to capitalize on tax incentives created by the Biden administration's Inflation ...

Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with ...

Elon Musk has said ending tax credits of up to $7,500 for electric vehicle purchases would "devastate" Tesla's competitors.

Good morning. Automakers slump amid Donald Trump’s plans to repeal an electric vehicle subsidy. ESG investing is entering ...