Market
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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Similar markets
No significant change • 25%
Increase EV prices • 25%
Decrease EV production • 25%
Shift focus to gas-powered vehicles • 25%
Positive industry response • 25%
Major industry pushback • 25%
Minor industry pushback • 25%
No significant response • 25%
Reduced • 33%
Eliminated • 33%
Unchanged • 34%
Legal action against regulations • 25%
Partial compliance • 25%
Full compliance • 25%
Lobbying against regulations • 25%
No Comment • 25%
Neutral • 25%
Support Tariff • 25%
Oppose Tariff • 25%
Compliance • 25%
Legal Challenge • 25%
Other • 25%
Lobbying for Revision • 25%
No major response • 25%
Delay new model releases • 25%
Lobby for policy changes • 25%
Shift to non-Chinese/Russian suppliers • 25%
General Motors • 25%
Ford • 25%
Tesla • 25%
Other • 25%
New import tariffs • 25%
Stricter environmental regulations • 25%
No major changes • 25%
Increased subsidies • 25%