In his budget aimed at cutting $126 billion or 5 percent from non-defense federal spending, President Trump proposes to eliminate the plug-in vehicle tax credit that gives electric-car buyers up to $7,500 back on their federal taxes. Trump economic adviser Larry Kudlow says he expects ending the tax credit to save the government $2.5 billion over... 2020 Trump budget would pull plug on electric vehicle tax credit
In his budget aimed at cutting $126 billion or 5 percent from non-defense federal spending, President Trump proposes to eliminate the plug-in vehicle tax credit that gives electric-car buyers up to $7,500 back on their federal taxes. Trump economic adviser Larry Kudlow says he expects ending the tax credit to save the government $2.5 billion over...