President-elect Donald Trump's team is formulating plans to eliminate the $7,500 tax incentive for electric vehicle buyers.

Tesla CEO Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy ...

President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct ...

BEV sales by domestic manufacturers increased by just under 2% in the first nine months of the year after plunging by 27%.