“This is insane,” whined the MAGA billionaire, who opposes subsidies.
fulfills his pledge to end the federal $7,500 electric vehicle tax credit, his state will implement a rebate for electric car purchases to take its place.Musk is co-leading Trump’s Department of Government Efficiency commission, which will propose ways to cut federal spending by as much as $2 trillion.“We’re not turning back on a clean transportation future—we’re going to make it more affordable for people to drive vehicles that don’t pollute,” Newsom said in a statement.
Musk said earlier this year that eliminating the federal tax credit would ultimately benefit his company and hurt competitors that are still scaling up their EV operations, such as Detroit’s big three automakers Ford, GM, and Stellantis.
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