Tesla reportedly supports canceling the 7500 ev tax credit – Breaking News & Latest Updates 2026
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Umar Shakir
Tesla reportedly supports canceling the $7,500 EV tax credit.

Unsurprisingly, President-elect Donald Trump plans to end the federal incentive, which encouraged Americans to buy EVs like Teslas for years. Now, Reuters is reporting Tesla is for it:

representatives of Tesla - by far the nation’s largest EV seller - have told a Trump-transition committee they support ending the subsidy

Meanwhile, Trump has tasked Tesla CEO Elon Musk with cutting “wasteful expenditures” in the new administration.

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