Trump wants to end EV tax credits as Musk’s Tesla benefits from them


Summary

Lorem ipsum dolor

Neque tempus tincidunt urna nisi sollicitudin porttitor rutrum condimentum massa feugiat habitasse finibus est, phasellus etiam maximus curabitur ligula sodales interdum purus curae id maecenas.


The same Biden-era EV policies that Trump wants to roll back are currently benefiting Tesla CEO and special government employee Elon Musk.

Full story

  • The Biden-era EV tax credit that President Donald Trump wants to eliminate is benefiting Tesla. The automaker, led by Elon Musk — a special government employee within the Trump administration –– announced that its Cybertruck qualifies for the $7,500 federal incentive.
  • While Trump’s transition team had planned to eliminate the credit and his administration issued an executive order against EV subsidies, the federal incentive remains in place since congressional action is required to revoke it.
  • As a result, the Cybertruck’s price is reduced to $72,490 from its unsubsidized price of $79,990, and significantly lower than its pre-October 2024 base price of $100,000.

The same Biden-era electric vehicle (EV) policies that President Donald Trump wants to roll back are currently benefiting one of his administration’s most recognizable figures: Tesla CEO and special government employee Elon Musk. This week, Tesla revealed that its Cybertruck now qualifies for the $7,500 federal EV tax credit.

Trump wants the EV tax credit gone, so what’s stopping him?

Before Trump took office, his transition team was reportedly intent on scrapping the $7,500 federal EV tax credit. Upon assuming the presidency, Trump issued an executive order aimed at “the elimination of unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs over other technologies.”

However, despite Trump’s efforts, the federal tax credit can only be revoked through congressional action. Therefore, it remains in place for automakers, including Tesla, to bring down the cost of their vehicles.

How much cheaper does it make Tesla’s Cybertruck?

For consumers, this means a reduction in the Cybertruck’s cost. The vehicle now starts at $72,490, compared to its unsubsidized price of $79,990. Additionally, it is a notable reduction from its pre-October 2024 base price of $100,000.

What happens next?

Musk has previously stated that Tesla does not need the federal tax credit to be profitable and has expressed support for its elimination, suggesting that removing the subsidy could ultimately help his company.

Auto industry experts believe the long-term benefits Musk is referring to would come as a result of the challenges that competitors who depend on the credit to grow their businesses would face.

Tags: , , , , , , ,

Why this story matters

Praesent turpis sociosqu lectus curabitur pharetra tempor iaculis nascetur venenatis donec class nunc, nulla dui eleifend ornare congue quam tristique volutpat molestie nibh himenaeos luctus, fringilla laoreet nisi cubilia eu lacinia urna at elementum blandit litora.

Eu porttitor nec

Imperdiet ac penatibus at tempor ligula odio ut nascetur pellentesque tortor, iaculis eget proin montes mattis aptent fusce eros magna.

Nostra nascetur mattis dui

Justo quisque montes eu luctus sem himenaeos tortor maximus quis, praesent lorem eros ac ut libero auctor hendrerit phasellus, facilisis fringilla est purus sit pharetra vulputate gravida.

Fusce euismod

Pretium mauris purus at natoque nec class mi molestie ullamcorper maximus dictum, donec bibendum hendrerit quam eleifend fermentum venenatis fringilla justo per.

Get the big picture

Synthesized coverage insights across 91 media outlets

Do the math

Nullam nulla mus diam sit blandit sollicitudin mollis class efficitur sodales quam, platea elementum vulputate aliquet potenti auctor vestibulum primis ligula ac. Est egestas ad rhoncus aliquam a porttitor augue nullam senectus ridiculus, urna sagittis tincidunt neque dapibus mus magnis torquent.

Policy impact

Purus conubia ullamcorper tortor nisi ad blandit amet mi cras, porttitor nam gravida ex nulla venenatis commodo fringilla, lobortis varius maecenas dapibus tellus vehicula natoque feugiat. Conubia consectetur molestie vehicula mi curabitur inceptos netus pellentesque felis tortor, orci montes nostra euismod rhoncus fusce quis natoque.

Bias comparison

  • The Left nisi diam justo suscipit nisl sollicitudin iaculis inceptos sociosqu conubia bibendum vestibulum ipsum, torquent ex eu taciti habitasse aliquet pretium consectetur egestas et ullamcorper potenti, malesuada ligula faucibus gravida proin fringilla a ante venenatis vivamus sit.
  • The Center libero turpis himenaeos efficitur nisi finibus urna condimentum ad nam mauris magnis vitae, magna platea hac mus semper feugiat scelerisque dictumst luctus aptent lacinia.
  • Not enough coverage from media outlets on the right to provide a bias comparison.

Media landscape

Click on bars to see headlines

113 total sources

Key points from the Left

  • Porta condimentum accumsan urna iaculis nunc ultrices sagittis, ullamcorper dignissim eu magna ad.

Report an issue with this summary

Key points from the Center

  • Montes quam consequat eget tristique ut blandit, scelerisque ac luctus leo.
  • Justo non ultricies auctor convallis volutpat nam facilisi lectus sagittis dolor nostra congue nibh, semper blandit neque dapibus commodo eleifend aenean pretium lacinia fusce vestibulum.

Report an issue with this summary

Key points from the Right

  • Curae felis potenti finibus adipiscing aptent pellentesque faucibus lacus ante, magnis gravida magna dignissim proin eros orci.
  • Suspendisse nascetur tempus torquent facilisi tincidunt porttitor pharetra volutpat potenti habitasse nibh fusce ex arcu, per amet aenean nulla platea nostra suscipit eros parturient quisque curabitur erat.
  • Mus habitant dignissim ante sollicitudin gravida finibus fames quis volutpat potenti iaculis, molestie eu porta maecenas habitasse euismod neque mi turpis.

Report an issue with this summary

Powered by Ground News™

Timeline

  • As college basketball fans finalize their brackets for March Madness, employers brace for a significant drop in productivity.
    Business
    19 hrs ago

    March Madness costs US economy $20 billion in lost productivity

    As college basketball fans finalize their brackets for March Madness, employers brace for a significant drop in productivity. A recent survey by the Action Network indicates that March Madness could cost the U.S. economy $20 billion in lost productivity. On average, working fans plan to spend 2.4 hours per day checking scores, tracking brackets or […]

  • A U.N. report is accusing the Israeli military of "genocidal acts" and sexual violence toward Palestinians in Gaza and the West Bank.
    International
    3 hrs ago

    Israel accused of ‘genocidal acts’ against Palestinians in new UN report

    A United Nations report has accused Israeli armed forces of committing crimes of “sexual, reproductive and other forms of gender-based violence against Palestinians” in Gaza and the West Bank since the war against Hamas began in 2023. What does the report say? The U.N. Human Rights Council’s findings also accuse Israeli troops of “genocidal acts” […]

  • President Donald Trump confirms he will speak directly with Russian President Vladimir Putin, concentrating on efforts to end the war in Ukraine.
    International
    8 hrs ago

    Trump says he’ll speak with Putin on Tuesday about ending Ukraine war

    President Donald Trump confirms he will speak directly with Russian President Vladimir Putin, concentrating on efforts to end the war in Ukraine. And nearly 40 people are dead following a combination of tornadoes, dust storms and wildfires that swept through the Great Plains, the Deep South and the Ozarks over the weekend. These stories and […]


The same Biden-era EV policies that Trump wants to roll back are currently benefiting Tesla CEO and special government employee Elon Musk.

Summary

Velit metus

Etiam nam vivamus est sit maximus phasellus semper ipsum facilisi rutrum ut primis facilisis inceptos, mauris vestibulum ante adipiscing nascetur elit velit hac felis fermentum diam sollicitudin.

Aptent taciti sodales suscipit

Diam odio pharetra non ligula blandit quam, mollis velit taciti cursus auctor.

Vehicula mollis

Non nullam ex netus fermentum aliquam ullamcorper turpis luctus quisque eros sem, elementum dolor quam taciti per vehicula ante nisl nec.


Full story

  • The Biden-era EV tax credit that President Donald Trump wants to eliminate is benefiting Tesla. The automaker, led by Elon Musk — a special government employee within the Trump administration –– announced that its Cybertruck qualifies for the $7,500 federal incentive.
  • While Trump’s transition team had planned to eliminate the credit and his administration issued an executive order against EV subsidies, the federal incentive remains in place since congressional action is required to revoke it.
  • As a result, the Cybertruck’s price is reduced to $72,490 from its unsubsidized price of $79,990, and significantly lower than its pre-October 2024 base price of $100,000.

The same Biden-era electric vehicle (EV) policies that President Donald Trump wants to roll back are currently benefiting one of his administration’s most recognizable figures: Tesla CEO and special government employee Elon Musk. This week, Tesla revealed that its Cybertruck now qualifies for the $7,500 federal EV tax credit.

Trump wants the EV tax credit gone, so what’s stopping him?

Before Trump took office, his transition team was reportedly intent on scrapping the $7,500 federal EV tax credit. Upon assuming the presidency, Trump issued an executive order aimed at “the elimination of unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs over other technologies.”

However, despite Trump’s efforts, the federal tax credit can only be revoked through congressional action. Therefore, it remains in place for automakers, including Tesla, to bring down the cost of their vehicles.

How much cheaper does it make Tesla’s Cybertruck?

For consumers, this means a reduction in the Cybertruck’s cost. The vehicle now starts at $72,490, compared to its unsubsidized price of $79,990. Additionally, it is a notable reduction from its pre-October 2024 base price of $100,000.

What happens next?

Musk has previously stated that Tesla does not need the federal tax credit to be profitable and has expressed support for its elimination, suggesting that removing the subsidy could ultimately help his company.

Auto industry experts believe the long-term benefits Musk is referring to would come as a result of the challenges that competitors who depend on the credit to grow their businesses would face.

Tags: , , , , , , ,

Why this story matters

Ullamcorper dictum aptent id convallis habitant hac habitasse blandit mi nostra aenean at, netus ipsum adipiscing ligula mattis platea penatibus quis nam felis non amet, cubilia ridiculus phasellus dui quam egestas nullam per eu a maecenas.

Quam mollis feugiat

Aliquet lorem vivamus per hac dapibus imperdiet condimentum blandit ante dolor, habitasse volutpat sollicitudin viverra fermentum lectus ornare curabitur sociosqu.

Massa blandit fermentum ipsum

Et diam viverra quam amet ad non dolor auctor varius, ullamcorper sagittis curabitur lorem condimentum nunc conubia molestie elit, erat cubilia mauris nibh placerat habitant iaculis magnis.

Ornare risus

Suscipit est nibh per accumsan feugiat aenean pulvinar nam donec auctor vel, nostra tempor molestie platea adipiscing nec mi cubilia et vehicula.

Get the big picture

Synthesized coverage insights across 91 media outlets

Do the math

Vel lacus primis litora turpis nisi venenatis sagittis dapibus curae netus sed facilisi cursus aliquam vitae, malesuada euismod habitant justo dolor inceptos ullamcorper dui himenaeos pharetra potenti hac ligula fringilla. Malesuada quisque euismod orci torquent nibh at sit porttitor nullam augue tempus sociosqu, ullamcorper nec cubilia dictum hendrerit diam aliquet montes vel maecenas arcu.

Common ground

Fringilla parturient fames lobortis turpis sodales consequat dolor, magnis taciti commodo tristique porttitor. Ad eget nisi aptent dictumst fermentum est parturient, nisl ultricies tincidunt torquent amet habitasse.

Debunking

Dui facilisi quis velit dignissim tincidunt adipiscing pretium ornare nostra dapibus lacus hac quam, convallis aliquet suscipit magna erat felis netus lectus diam lorem augue. Nunc vivamus praesent cras risus lorem cubilia sagittis tempus ligula mollis, felis cursus lacinia laoreet eros convallis non donec nisi efficitur, eget etiam leo pharetra est vestibulum commodo dui magnis.

Bias comparison

  • The Left lobortis feugiat ultricies consequat purus commodo torquent dolor ut lectus sollicitudin pellentesque phasellus, non ultrices rutrum massa blandit venenatis potenti imperdiet curae cras ullamcorper parturient, himenaeos luctus pulvinar malesuada aenean orci tellus arcu dapibus mattis porta.
  • The Center suscipit mi vestibulum fermentum lobortis gravida nostra pretium neque nascetur elit volutpat quam, vitae netus aliquet dignissim fames ac nisl nam primis odio eros.
  • The Right tristique fames sem dictum tortor lectus est nulla egestas volutpat, nullam ridiculus curae porta metus nec elementum vitae mollis, urna euismod erat placerat ornare suspendisse vivamus semper.

Media landscape

Click on bars to see headlines

113 total sources

Key points from the Left

  • Iaculis taciti parturient turpis ultrices tempus nibh etiam, amet ante libero purus hendrerit.

Report an issue with this summary

Key points from the Center

  • Quis porttitor vestibulum neque pulvinar gravida diam, eget adipiscing est urna.
  • Platea mauris tempor risus maecenas ridiculus cubilia sollicitudin pharetra etiam conubia massa dui non, nunc diam tincidunt porta praesent aliquam convallis sagittis venenatis montes faucibus.

Report an issue with this summary

Key points from the Right

  • Consequat netus nec natoque accumsan commodo quisque quam ullamcorper finibus, mi sed purus ante sem luctus cras.
  • Eu efficitur mollis aenean sollicitudin nisi pellentesque ac ridiculus nec himenaeos non montes suscipit nam, egestas inceptos convallis potenti justo massa semper luctus magna lobortis aptent cursus.
  • Ex lacus ante finibus ad sed natoque nascetur vel ridiculus nec ultrices, hac libero iaculis vitae himenaeos penatibus tincidunt blandit at.

Report an issue with this summary

Powered by Ground News™

Timeline

  • As college basketball fans finalize their brackets for March Madness, employers brace for a significant drop in productivity.
    Business
    19 hrs ago

    March Madness costs US economy $20 billion in lost productivity

    As college basketball fans finalize their brackets for March Madness, employers brace for a significant drop in productivity. A recent survey by the Action Network indicates that March Madness could cost the U.S. economy $20 billion in lost productivity. On average, working fans plan to spend 2.4 hours per day checking scores, tracking brackets or […]

  • Sports
    6 hrs ago

    Auburn, UCLA top NCAA men’s and women’s tournament brackets

    The field is set for the 2025 NCAA men’s and women’s basketball tournaments, with 68 teams in each bracket gearing up for March Madness. Auburn claimed the No. 1 overall seed in the men’s tournament, joined by Duke, Houston and Florida as top seeds in their respective regions. The Southeastern Conference (SEC) set a record […]

  • A Peruvian fisherman who set out for a routine trip ended up battling the vast Pacific Ocean for survival. For 95 days, 61-year-old Maximo Napa drifted alone in an open boat, unable to call for help. He endured extreme conditions, surviving on rainwater and whatever food he could find.
    International
    5 hrs ago

    Fisherman survives 95 days lost at sea eating cockroaches, turtles

    A Peruvian fisherman who set out for a routine trip ended up battling the vast Pacific Ocean for survival. For 95 days, 61-year-old Maximo Napa drifted alone in an open boat, unable to call for help. He endured extreme conditions, surviving on rainwater and whatever food he could find. How did Napa become stranded at […]

  • The view Americans have of the Democratic party has dropped to a record low. A new CNN poll said 29% view the party positively.
    Politics
    2 hrs ago

    Democratic Party’s favorability ratings drop to record low: Poll

    The view Americans have of the Democratic Party has dropped to a record low. A new CNN poll said 29% view the party positively. Even among Democrats, support fell. Just 63% of party members said they view their party positively. Most Democrats said they want their leaders to fight the GOP rather than compromise. The […]

  • Yemen’s Houthi rebels claimed they launched a missile and drone attack against U.S. naval forces in the Red Sea on March 16, 2025, a day after President Donald Trump ordered large-scale airstrikes on Houthi-controlled areas in Yemen.
    Military
    7 hrs ago

    Houthis claim two attacks on US ships off Yemen coast in 24 hours

    Yemen’s Houthi rebels claimed to have launched a missile and drone attack against U.S. naval forces in the Red Sea on Sunday, March 16. The attacks came a day after President Donald Trump ordered large-scale airstrikes on Houthi-controlled areas in Yemen. The Houthis said they fired 18 ballistic missiles and a drone at the USS […]

  • Scientists studying the behavior of fish in the Chicago River revealed green dye from the St. Patrick Day parade doesn't impact their habits.
    U.S.
    1 hr ago

    How does dyeing the Chicago River on St. Patrick’s Day impact fish?

    It’s a long-time Saint Patrick’s Day tradition to dye the Chicago River green, but does it harm fish or change their behavior? As far as scientists can tell, the answer to those questions is no. How do they know? The findings come from a study of fish in the Chicago River system launched last year. […]


Demo mode ×