Trump, Auto Tariffs and EV
Digest more
Top News
Impacts
Politico |
The 25-percent tariffs President Donald Trump has ordered on imported vehicles and parts has sent shock waves through the automobile industry.
The New York Times |
Tariffs on imported vehicles took effect Wednesday, a policy that President Trump said would spur investments and jobs in the United States but that analysts say will raise new car prices by thousand...
Read more on News Digest
The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last year to fix tax troubles.
1d
Top Speed on MSNMess Up Your EV Tax Credit? The IRS Just Gave You a Second Shot.It's just possible your dealer screwed something up and that credit you thought you were getting wasn't going to happen. Until now.
Auto dealers group announced an IRS change that will enable dealers to fix EV tax credit problems. Some drivers who bought electric vehicles in 2024 have found it impossible to claim their EV tax ...
The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax headaches are hitting now.
When the federal EV tax credit became available as an instant discount at the point of sale in 2024, it seemed like a win for consumers. However, there was a catch: dealers had to register with ...
so EV shoppers may want to take advantage of the credit while they can. The EV tax credit is a financial incentive built by the government to encourage drivers to purchase an electric car.
After some car owners were not able to claim the EV tax credit this spring, the IRS has created a fix, according to the trade group representing auto dealers. As NPR previously reported, some electric car shoppers across the country discovered this spring ...
3don MSN
The American Energy Institute released new research this week explaining how EV subsidies, combined with an emissions credit system, is causing automobile and utility costs to rise.
The Inflation Reduction Act passed by Congress last year included enticements to go green, including a $7,500 tax credit for new electric vehicles (EV).
The list includes engines, transmissions, lithium-ion batteries and other major components, along with less expensive parts including tires.