Trump wants to scrap $7,500 EV tax credit—and make Musk an advisor

Former President and Republican presidential candidate Donald Trump has instructed one publication he would not less than contemplate ending the $7,500 electrical car (EV) tax credit score if elected, together with reiterating his curiosity in Elon Musk for a possible function in his administration.

A report from The Wall Road Journal in Might initially claimed that Trump was concerned about Musk for an advisory function, although Musk later denied the claim, saying that there had not been any discussions of a role for him in Trump’s administration. On Monday, nevertheless, in an interview with Reuters following a marketing campaign occasion in York, Pennsylvania, Trump stated he would have an interest having Musk in a job in his administration “if he would do it.”

Trump additionally referred to as the $7,500 EV tax credit score “ridiculous,” and instructed the publication that he would take into consideration ending it if he have been elected.

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“Tax credit and tax incentives will not be typically an excellent factor,” Trump stated within the assertion.

Trump has been cooking up a friendship with Musk over the past a number of months, and Musk officially endorsed the him in the 2024 election final month. Since then, some have identified anti-EV sentiments from each Trump and Vice Presidential candidate JD Vance, who has additionally proposed eliminating the tax credit score prior to now.

After Trump claimed he would get rid of an EV mandate that doesn’t exactly exist, he earlier this month went on to say that he “needed to be for EVs” as a result of Musk’s endorsement of his marketing campaign. Trump also had a conversation with Musk on X Spaces final week, after which the Tesla CEO additionally invited Democratic candidate Kamala Harris to hitch for the same dialog.

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Trump needs to scrap $7,500 EV tax credit score—and make Musk an advisor