Electric Vehicles Targeted by President Trump’s Executive Order
January 29, 2025
President Trump has proposed several potential tax changes. As his presidency evolves it becomes increasingly important for taxpayers to stay informed about how these changes might impact their financial planning and obligations. This is the second of a series of articles to tax clients to help you keep up to date on the thinking on Capitol Hill on proposed changes so you can plan appropriately. Please contact this office with questions.
Article Highlights:
- Revoking Biden’s 2021 Executive Order
- Suspending Unspent Funds for Charging Stations
- Reconsider Rules that Mandate Stricter Emissions Standards
- Repeal a Waiver Granted to California by the EPA
- Possibility of Repealing the $7,500 Consumer Tax Credit for Electric Vehicle