Republican Senator Aims to Repeal $7,500 EV Tax Credit
US Senator John Barrasso introduced a bill to eliminate the $7,500 tax credit for electric vehicles (EVs), citing concerns that the subsidies favor “luxuries of the nation’s elite” and allow Chinese influence in the market. The legislation would repeal a 2022 incentive aimed at encouraging EV adoption as a way to curb greenhouse gas emissions. … Read more