Thanks to Trump, EVs just got $7,500 more expensive
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Washington, D.C. – Thanks to the Republican Rate Hike, today, September 30, is the last day Americans can claim up to $7,500 in federal rebates on electric vehicles. Trump and Republicans’ budget bill ended popular cost-saving tax credits years earlier than planned.
Climate Power Executive Director Lori Lodes issued the following statement: “Just as U.S. electric vehicle sales reach record highs, Donald Trump and Republicans slap another tax on families, jacking up the price of a new EV by $7,500 starting tomorrow. Trump and Republicans’ decision to end EV tax credits will undercut the American auto industry for decades to come. And China is not waiting to step in – our biggest competitor’s EV sales are already set to surpass U.S. overall auto sales.
“Meanwhile, Trump just announced $625 million in subsidies for the dirty, expensive coal industry. Trump and Republicans’ reckless crusade against clean energy is sabotaging U.S. manufacturing and driving up costs for Americans.”
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