Electric vehicle buying is expected to rise this winter as consumers look to take advantage of the $7,500 tax credit that President-elect Trump has threatened to repeal.
Why it matters: EV tax credits represent just one of the green incentives introduced under President Biden’s Inflation Reduction Act that could be removed under Trump.
- But experts say Illinois consumers will have more than a few months to use them, regardless of what Trump decides.
The big picture: “Illinois has received $430 million in [Inflation Reduction Act] Climate Pollution Reduction Grant funding that is already being put to work to accelerate electrification, expand our clean energy workforce programs, and more,” Angela Xu, municipal engagement manager at the Illinois Environmental Council, tells Axios.
“This is progress we can’t afford to slow down on here in Illinois or anywhere else across the country.”
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