Market
Will a major Republican figure publicly support the EV tax credit by mid-2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Public statements or press releases from major Republican figures
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
Increase EV prices • 25%
No significant change • 25%
Shift focus to gas-powered vehicles • 25%
Decrease EV production • 25%
Yes • 50%
No • 50%
Chuck Edwards • 25%
Vern Buchanan • 25%
Donald Trump • 25%
Randy Feenstra • 25%
Major industry pushback • 25%
Positive industry response • 25%
No significant response • 25%
Minor industry pushback • 25%
Reduced • 33%
Unchanged • 34%
Eliminated • 33%
Mitch McConnell • 25%
Other • 25%
Kevin McCarthy • 25%
Donald Trump • 25%
