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

Prominent Tesla Inc investor Ross Gerber blasted Tesla's reported support for eliminating the $7,500 federal electric vehicle tax credit, calling the position "insanity" on social media platform X.

Billionaires Elon Musk and Vivek Ramaswamy will head an effort, dubbed DOGE, to reduce wasteful federal spending. Here's what ...

The tech mogul and world’s richest man met with Iran’s ambassador to the United Nations in New York on Monday, The New York ...

Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act ...

Republicans have secured a majority in the House of Representatives with a two-seat advantage. However, it is quite slim ...

Former and future President Donald Trump isn't in office yet, but his transition team is already taking aim at a cornerstone ...

It’s not the first time a president has empowered a business tycoon to look for ways to dramatically cut federal regulations.

With the recent debut of the upcoming Mexico-built Cadillac Optiq and Acura ADX, the two brands have ended their streaks of ...

Plans to eliminate the up to $7,500 consumer tax credit for plug-in vehicles is a sign of the partnership between Musk and ...