Trump Team Plans To Axe Biden's EV Tax Credit: Report
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President-elect Donald Trump's transition team is preparing to eliminate the Biden administration’s $7,500 electric vehicle tax credit as part of its broader tax reform plan, Reuters reported Thursday. Trump’s energy-policy team, led by oil magnate Harold Hamm and North Dakota Gov. Doug Burgum (R.), has held several meetings to discuss repealing the EV subsidy, a cornerstone of President Joe Biden's Inflation Reduction Act, sources told Reuters. Trump plans to use savings from ending the tax
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