financetom
Business
financetom
/
Business
/
EV companies, battery makers urge Trump not to kill vehicle tax credits
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EV companies, battery makers urge Trump not to kill vehicle tax credits
Nov 15, 2024 11:22 AM

WASHINGTON (Reuters) - A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.

The Zero Emission Transportation Association, whose members include Rivian LG, Tesla, Uber, Lucid and Panasonic, said production tax credits have driven enormous job in states like Ohio, Kentucky, Michigan, and Georgia, and warned killing those production and consume tax credits would undercut those investments and hurt American job growth. Reuters reported on Thursday the Trump transition team wants to kill the $7,500 consumer tax credit for electric-vehicle purchases, citing sources.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BancFirst Q2 profit beats expectations helped by higher net interest income
BancFirst Q2 profit beats expectations helped by higher net interest income
Jul 17, 2025
Overview * BancFirst ( BANF ) Q2 net income rises to $62.3 mln, beating analyst expectations, per LSEG data * EPS for Q2 beats consensus, per LSEG data * Co's expects acquisition of American Bank of Oklahoma to close in Q3 Outlook * BancFirst ( BANF ) sees potential impact from Fed's interest rate decisions * Company maintains healthy loan...
Bank OZK Q2 Earnings Rise
Bank OZK Q2 Earnings Rise
Jul 17, 2025
04:17 PM EDT, 07/17/2025 (MT Newswires) -- Bank OZK ( OZK ) reported Q2 earnings late Thursday of $1.58 per diluted share, up from $1.52 a year earlier. Analysts polled by FactSet expected $1.53. ...
First Financial Q2 net income rise 27% to $66.66 mln
First Financial Q2 net income rise 27% to $66.66 mln
Jul 17, 2025
Overview * First Financial Q2 net income rise 27% yr/yr to $66.66 mln * Net interest income grows to $123.73 mln * Provision for credit losses falls to $3.13 mln from $5.89 mln a year ago Outlook * Company expects for the remainder of the yearto improve investment yields and continue loan growth * First Financial aims to focus on...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved