EV Tax Credits – CoolPal

Tesla Shares Plummet, Elon Musk’s Fortune Dips $17 Billion After Q2 Warning

2025-07-25 CoolPal

Tesla Shares Plummet, Elon Musk’s Fortune Dips $17 Billion After Q2 Warning Shares of electric vehicle giant Tesla experienced a significant plunge on Thursday, leading to an estimated $17 billion reduction in Elon Musk’s net worth. The sharp decline followed the company’s second-quarter report on Wednesday, which revealed the largest quarterly revenue drop in over a decade and a nearly $600 million loss in automotive regulatory credits. During the earnings call, Musk cautioned investors that Tesla could face “a few…

Act Now: Secure Dual EV Tax Credits Before September 30 Deadline

2025-07-05 CoolPal

Act Now: Secure Dual EV Tax Credits Before September 30 Deadline Prospective electric vehicle (EV) buyers have a critical window of opportunity to maximize their savings by leveraging two distinct federal tax credits. With a key deadline fast approaching, consumers could potentially save thousands on a new EV purchase by combining incentives from both the Biden and Trump administrations. The Biden-era Inflation Reduction Act offers a tax credit of up to $7,500 for new, plug-in EVs or fuel-cell electric vehicles….

Senate Bill Pushes for Immediate End to EV Tax Credits by September 30

2025-07-01 CoolPal

Senate Bill Pushes for Immediate End to EV Tax Credits by September 30 In a significant development for the electric vehicle (EV) market, the U.S. Senate is currently considering a version of a sweeping tax and spending bill that proposes an abrupt termination of EV tax credits as early as September 30, 2025. This move, if passed, would dramatically accelerate the end date compared to the House’s proposed late 2025 or 2026 timelines. The draft bill, which is undergoing active…

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