Trump Suggests Axing $7,500 EV Tax Credit, Hints at Musk as 2024 Administration Advisor

In a recent interview, Donald Trump expressed his intention to reconsider the $7,500 EV tax credit and hinted at a possible advisory role for Elon Musk in his future administration.

Trump’s Plan to Scrap $7,500 EV Tax Credit

Reiterating his interest in Elon Musk for a possible position in his administration, former president and Republican presidential contender Donald Trump has informed one outlet that if elected, he would at least consider removing the $7,500 electric vehicle (EV) tax credit.

There had been no negotiations regarding a place for Musk in Trump's government, according to Musk's subsequent denial of the May Wall Street Journal report claiming that Trump was interested in him for an advising position.

However, after a campaign event in York, Pennsylvania, on Monday, Trump spoke with Reuters and expressed interest in having Musk serve in his government "if he would do it."

In an interview with the magazine, Trump further criticized the $7,500 electric vehicle tax credit, calling it "ridiculous," and said that he would consider doing away with it if elected.

Trump Criticizes EV Tax Credits, Eyes 2024 Bid

In his remarks, Trump stated, "Tax credits and tax incentives are not generally a very good thing.".

Per Teslarati, over the past few months, Trump has been cultivating a friendship with Musk; last month, Musk formally endorsed Trump for the 2024 race.

Some have now brought up the fact that Trump and Vice Presidential candidate JD Vance are both anti-EV. Vance has previously suggested eliminating the tax credit.

Musk’s Influence Grows in Trump’s Circle

Following his prior assertion that he would repeal a nonexistent electric vehicle mandate, Trump went on to state earlier this month that he "had to be for EVs" since Musk endorsed his candidacy.

While Trump and Musk were on X Spaces last week, Musk invited Democratic contender Kamala Harris to join them for a similar conversation.