New York CNN —
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.
While the US tax credit goes to EV buyers, not to the automakers themselves, it allows higher pricing for EVs as they compete with traditional gasoline-powered cars. When an earlier version of the tax credit phased out several years ago, Tesla was forced to cut prices on its vehicles by roughly half of
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