tax Credit

Tesla and Ford are racing against the clock as the federal electric vehicle tax credit is set to expire on September 30. The $7,500 incentive, which has helped drive EV adoption in recent years, is being eliminated under President Donald Trump’s newly passed “Big Beautiful Bill.” Automakers are scrambling to clear inventory before the deadline hits and prices rise.

On January 16, 2025, Senator Ted Cruz (R-TX) reintroduced the bipartisan "No Tax on Tips Act," aiming to exempt gratuities from federal income taxation.

The official X account for Ford Motor Company was reportedly compromised on Monday, resulting in the posting of inflammatory messages, including one labeling Israel a "terrorist state."

Ford Motor Co. announced Monday it is donating $1 million and a fleet of vehicles to support President-elect Donald Trump's upcoming January inauguration.

Senator Josh Hawley (R-MO) is seeking to increase the size of child tax credit by 150%, raising it from $2,000 to $5,000.

The California Energy Commission approved a $1.4 billion plan to create more chargers for electric vehicles (EVs). The policy would result in an estimated 17,000 new chargers.

The Biden administration announced a $6.85 billion loan on Monday to build two electric vehicle (EV) battery plants in Kokomo, Indiana.

California Governor Gavin Newsom (D) announced a proposal that would double the size of a tax credit program supporting Hollywood.

Former President Donald Trump introduced a new policy proposal during his rally at Madison Square Garden.

On Thursday, the House passed a bill aimed at prohibiting electric vehicles made with components and minerals from China from benefiting from U.S. government incentives.