Market
How many Republican votes will favor preserving the EV tax credit by end of 2024?
2
Resolution / Starting Odds
0-10 votes • 25%
11-20 votes • 25%
21-30 votes • 25%
More than 30 votes • 25%
Official voting records from the US Congress
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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Unchanged • 34%
Eliminated • 33%
Reduced • 33%
No significant change • 25%
Shift focus to gas-powered vehicles • 25%
Decrease EV production • 25%
Increase EV prices • 25%
Highly favorable • 25%
Moderately favorable • 25%
Neutral • 25%
Unfavorable • 25%
Fails • 25%
Passes with tie-breaking vote • 25%
Passes with majority • 25%
Not voted on • 25%
Major industry pushback • 25%
Minor industry pushback • 25%
No significant response • 25%
Positive industry response • 25%
Partial rollback • 25%
Complete rollback • 25%
Expansion of policies • 25%
No rollback • 25%
Moderate success with some issues • 25%
Successful with positive impact • 25%
Inconclusive • 25%
Unsuccessful with major issues • 25%
Senator Chuck Schumer • 25%
Representative Ritchie Torres • 25%
Other • 25%
Senator Kirsten Gillibrand • 25%
Other • 25%
No Change • 25%
Decrease • 25%
Increase • 25%