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US Speaker Mike Johnson hints at killing EV tax credit

Combined with the increased costs wrought by import tariffs, eliminating the EV tax credit could seriously hinder US EV adoption. By Stewart Burnett

The US$7,500 federal tax credit for electric vehicles (EVs) is at risk of elimination as Republican lawmakers embark on efforts to address budget deficits while supporting President Donald Trump’s proposed tax cuts. House Speaker Mike Johnson told reporters on 6 May that the credit is "more likely than not" to be repealed, though final decisions are still pending.

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