Why Musk supports Trump getting rid of EV tax credits
Tesla still has a commanding lead in the US EV market, but competition is slowly catching up.
ANGELA WEISS / AFP
- Tesla stands to benefit from any removal of consumer tax credits on electric vehicle purchases.
- The move could hurt competitors more, CEO Elon Musk said.
- Tesla makes a vast majority of EVs sold in the US, but its lead has started to slip slightly.
Elon Musk supports a Trump plan to end tax credits of up to $7,500 for electric vehicle purchases.
That might sound confusing...
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