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Potential Repeal of EV Tax Credit Under Trump Administration: Implications for Rivian
Following Donald Trump’s re-election on November 5, 2024, his transition team indicated plans to repeal the $7,500 electric vehicle (EV) tax credit. This credit currently benefits Rivian customers who opt for leasing, making the company’s EVs more financially accessible. If repealed, the absence of this tax credit could lead to…