EV group urges US House to restore electric vehicle tax credits
ReutersJul 1, 2025 6:25 PM
July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.
The Electrification Coalition said killing the credits "driving much of the nation’s manufacturing investment at this critical juncture would effectively wave the white flag of defeat, ceding control over the future of transportation to China ... The House must reject this act against the interest of the American people."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Humanoid Robot Market: Development, Prospect, Supply Chain, and Stocks to Watch
TradingKey - Having missed out on NVIDIA in the AI hardware field and failed to keep up with Palantir in the AI software field, those looking to continue riding the AI wave may find humanoid robots—the "best carriers of AI"—to be the next explosive track. Almost everyone is predicting that 2025 ...TradingKey
16 hours ago
Eurozone June Inflation Preview: EUR/USD Expected to Rise Initially, Then Decline
TradingKey - On 1 July 2025, the Eurozone will release its June inflation data. Market consensus anticipates the headline CPI to rise slightly to 2.0% from May’s 1.9%. Core CPI is expected to remain steady at 2.3%, consistent with May’s reading.TradingKey
20 hours ago
The Fortress Portfolio: How Bill Gates Quietly Built a $42B Mission-Aligned Empire
TradingKey - Through March 31, 2025, Bill Gates' portfolio under the Bill & Melinda Gates Foundation Trust held 25 equity stakes with an aggregate market value of $41.81 billion.TradingKey
21 hours ago
Pop Mart (9992 HK): How Long will the Sensation Last
With its well-designed collection of Intellectual Properties (IPs) and collaboration with in-house and third-party designers, Pop Mart rides the consumer trends leading to this high level of growth. The company has plenty of opportunities in a more lucrative overseas market. Despite being up 180% inTradingKey
Mon, Jun 30
.jpg)
Prediction! Federal Reserve Chairman Jerome Powell's Next Move Will Be an Interest Rate Cut
The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were..The Motley Fool
Thu, Jun 26
Tradingkey
