The outgoing Biden administration championed incentives under the landmark Inflation Reduction Act. The IRA incentivized buyers to go electric with up to $7,500 in federal tax credits.
Now he has the legitimate authority and power to reverse some of that progress. However, as InsideEVs previously reported, rolling back incentives under the IRA won't be straightforward for Trump.
By making a move now, you may benefit from the $7,500 federal clean vehicle credit and potentially save thousands of dollars at the point of sale.
Fasten your seatbelts, Americans. The next chapter in the country's transition to green energy may be a lot bumpier. That's because President-elect Donald Trump's favorite word is 'tariffs.'
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