The electric vehicle market may face a bumpy road ahead, following the end of U.S. federal tax credits for new and used EVs last month. On Sept. 30, the $7,500 tax credit for new EVs and plug-in hybrids and the $4,000 credit for used ones expired. In a recent article, EnergySage took a look at…
00:00 Speaker A Tesla surprising Wall Street, reporting a record number of deliveries in the third quarter, coming in above 497,000 and more than 7% above the mark set during the same period last year. The end of the third quarter also coinciding with the expiration of EV tax credits. Were the Tesla numbers a…
President Donald Trump and other high-ranking Republicans claim Democrats forced the government shutdown fight because they want to give free health care to immigrants in the U.S. illegally. Democrats are trying to extend tax credits that make health insurance premiums more affordable on marketplaces established by the Affordable Care Act, commonly known as Obamacare, and…
Electric vehicle makers like Tesla (TSLA), GM (GM), and Ford (F) will be in a world of pain when President Trump’s “One Big Beautiful Bill Act” (OBBB) ends federal EV tax credits later this month. Sales of EVs in the US are expected to be cut in half compared to current levels, at least according…
By Helen Coster and James Oliphant NEW YORK (Reuters) -Residents of Columbus, Indiana awoke last week to a yellow billboard purchased by the Democratic National Committee blaring: “Under Trump’s Watch, Columbus Regional Health is Cutting Medical Services.” Meanwhile, the National Republican Congressional Committee, which oversees races for the U.S. House of Representatives, this month launched…
Shares of home energy technology company Enphase (NASDAQ:ENPH) fell 14.5% in the afternoon session after the company provided a weaker-than-expected revenue forecast for the third quarter. The company projected third-quarter revenue to be between $330 million and $370 million, with the midpoint falling short of analysts’ expectations. While Enphase’s second-quarter earnings and revenue surpassed estimates,…
STORY: The dispute between Republican President Donald Trump and Tesla CEO Elon Musk escalated on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump’s tax-cut and spending bill would bankrupt America. The sweeping legislation approved by Congress and signed by Trump means $7,500 tax credits for buying…
Janelle Lowe prepares to charge her electric vehicle at a charging station Thursday, May 22, 2025, in Long Beach, Calif. (AP Photo/Damian Dovarganes) [Stay on top of transportation news: Get TTNews in your inbox.] The Trump administration’s plan to scrap federal incentives for electric vehicles will be a major speed bump for battery-powered transportation in…
The massive tax and spending cut bill that Congress passed Thursday ends federal tax incentives for electric vehicles. Buyers have until Sept. 30 to qualify for the federal tax credits on EVs before they are terminated. But experts say there are still strong financial reasons to consider buying the vehicles even without those incentives. Before…
WASHINGTON (Reuters) -The latest version of the Senate’s massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for…