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Trump Softens Stance on EV Tax Credits to Court Elon Musk Ahead of November Presidential Election

Republican presidential nominee, Donald Trump, may be easing his criticism of electric vehicles and EV tax credits in an effort to gain influence with high-profile supporter, Elon Musk, who he has offered to join in his administration if he wins in November. Trump has also hinted at the possibility of eliminating the $7,500 tax credit for EV purchases in Democrats’ 2022 climate law. Despite promising to scrap Biden administration rules promoting EV but has been more cautious about the credits.

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