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How will major EV manufacturers respond to the potential elimination of the $7,500 tax credit by early 2025?
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Resolution / Starting Odds
Increase prices • 25%
Lobby against decision • 25%
No significant response • 25%
Other response • 25%
Official press releases or statements from major EV manufacturers
Story
Trump Administration Eyes Ending $7,500 EV Tax Credit Amid GOP's Shrinking Majority
Dec 2, 2024, 11:17 AM
The incoming Trump administration is considering eliminating the $7,500 electric vehicle (EV) tax credit, a move that would require Congressional approval. However, the Republican majority in the House of Representatives is expected to shrink to a razor-thin margin, potentially as small as one seat, creating significant challenges for advancing tax reforms. The EV industry is struggling to find Republican allies in Congress to preserve the tax credit, which could become a contentious issue in next year’s tax debates.
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Shift focus to gas-powered vehicles • 25%
No significant change • 25%
Increase EV prices • 25%
Decrease EV production • 25%
Major industry pushback • 25%
Positive industry response • 25%
Minor industry pushback • 25%
No significant response • 25%
Eliminated • 33%
Reduced • 33%
Unchanged • 34%
Lobbying against regulations • 25%
Full compliance • 25%
Legal action against regulations • 25%
Partial compliance • 25%
No Comment • 25%
Oppose Tariff • 25%
Support Tariff • 25%
Neutral • 25%
Ford • 25%
Tesla • 25%
General Motors • 25%
Other • 25%
Stricter environmental regulations • 25%
New import tariffs • 25%
Increased subsidies • 25%
No major changes • 25%
Other • 25%
Mazda • 25%
Ford • 25%
Subaru • 25%
New EV production facility • 25%
New EV model launch • 25%
Major EV partnership • 25%
No significant move • 25%