finance.yahoo.com / Yahoo! Finance
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2024-11-22 13:43:23
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2024-11-22 13:43:23Event JSON
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"'Not trivial': EV sales could drop nearly 30% if Trump repeals tax credit"
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"The report, titled 'The Effects of 'Buy American': Electric Vehicles and the Inflation Reduction Act', found that EV sales would drop to 867,000 from 1.184 million with the tax credit in place. The authors of the report, Joseph Shapiro, Hunt Allcott, and Felix Tintelnot, used a model to simulate the effects of removing the tax credit and found that EV registrations would fall by 317,000. The report also noted that the federal EV tax credit is not very efficient and that different subsidies for different vehicles could be a more effective way to encourage EV adoption."
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