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The US government may take away the $7,500 tax credit for EVs
If you were hoping to take advantage of the federal government's $7,500 tax credit for buying an electric vehicle, you may soon be out of luck. According to a report at Bloomberg, the provisions in the US tax code may be eliminated in the current round of tax cut efforts. If so, it could affect the entire nascent industry by not supporting EV sales at a federal level.
