Biden's EV Tax Credits Are a Ripe Target for Gutting If Trump Wins.

President Joe Biden's climate law includes tax credits worth $7,500 for electric vehicle (EV) purchases, making EVs more affordable in the US. However, if Republicans win the White House or strengthen their hold on Capitol Hill, these tax credits could be targeted. Republicans have expressed opposition to pro-EV policies, and a GOP president could rewrite Treasury Department rules to make it harder to claim the tax credits. The fate of the tax credits and the entire climate law will depend on the balance of power in Washington and Republicans' willingness to go after policies that benefit red states. [Extracted from the article]