Automakers have moved factories to the U.S. in response to the tax credit, and that’s created tens of thousands of jobs.

The instant removal of tax credits could have serious consequences on EV sales, but in the long run, it could not matter at all.

President-elect Donald Trump has suggested eliminating the federal tax credit for electric vehicles, and some experts expect a drop in EV sales to follow.

It could be the end of the road soon for a key tax credit that provides up to $7,500 to buyers of electric vehicles — and one forecasting firm is offering an estimate for when it might run out.

California is prepared to offer state tax rebates for electric vehicle purchases if the incoming Trump administration scuttles the federal EV tax credit, the governor said.

Governor Gavin Newsom has announced plans to revive California's electric vehicle (EV) rebate program if the incoming Trump administration eliminates the federal $7,500 EV tax credit. The move would position California as a safety net for clean energy consumers,