Analysts suggest that while Tesla, led by CEO Elon Musk, may not be in favor of relying on EV incentives, a repeal of credits could disadvantage other manufacturers more reliant on them.
Wedbush Securities analyst Dan Ives argues that although the potential removal of EV tax credits would negatively impact the industry, it could position Tesla favorably due to its unmatched scale and profitability.
Many Republicans on Capitol Hill are skeptical about EVs, and discussions here suggest that some are viewing the EV tax credit as a prime target for repeal.
Representatives of auto manufacturers, such as Rep. Buddy Carter, believe that retaining EV tax credits is crucial for their districts, especially those housing plants like Hyundai.
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