Electric vehicles being charged in San Diego. File photo Republican presidential candidate Donald Trump said on Monday he would consider ending a $7,500 tax credit for electric vehicle purchases. “Tax credits and tax incentives are not generally a very good thing,” Trump told Reuters in an interview after a campaign event in York, Pennsylvania, when asked about the EV credit. If elected, Trump could take steps to reverse Treasury Department rules that have made it easier for automakers to take advantage of the $7,500 credit or could ask the U.S. Congress to repeal it entirely. While president, Trump sought to repeal the EV tax credit which was later expanded by President Joe Biden
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