Musk criticizes Trump bill over abrupt end to energy tax credits by Rachel Frazin - 05/29/25 10:11 AM ET. by Rachel Frazin - 05/29/25 10:11 AM ET.

House Republicans on Monday announced that they plan to repeal Democrats’ tax credits for electric vehicles (EVs) and phase out those that apply to climate-friendly energy sources. The green ...

Electric vehicles at a dealership in North Hampton, N.H. A bill being introduced by House Republicans would eliminate a $7,500 tax credit for purchases and leases of electric cars and trucks.

The bill imposes early ends to almost all IRA renewable energy credits. Image: Gage Skidmore/Wikimedia Commons. The US House of Representatives has passed a bill slashing tax credit provisions for ...