The Trump effect: End of EV Tax Credit Could Hit Struggling Automakers Hard

By Douglas McIntyre  •  November 28, 2024

Douglas McIntyre examines how the potential elimination of the $7,500 electric vehicle tax credit could disproportionately impact brands like Volkswagen and Chevrolet. J.D. Power research highlights VW buyers as the most tax-sensitive, adding to the automaker’s struggles with declining sales and layoffs. McIntyre also notes that brand perception around tax credits could play a significant role in shaping the EV market’s future.

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