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EV tax credits could vanish under Trump. Is now the time to buy?

NBC News
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California Gov. Gavin Newsom says the state would fill the gap if the incoming administration scraps existing federal EV tax rebates.

Trump has criticized tough emissions standards and is likely to renew a fight with California over the matter.

Some states already offer substantial support that EV buyers can combine with those on offer from the federal government.

Analyst: "The road ahead in 2025 is looking pretty bumpy for EVs".

Tesla could be excluded from the U.S. market under a potential market cap, a spokesperson for the governor’s office says.

Drury says the federal credit is meant to “help convince people this is the thing to do” Drury suggests leasing an EV instead.

Some dealerships are exploiting a loophole that allows EV lessees to qualify for the full $ 7,500 credit.