Automakers have moved factories to the U.S. in response to the tax credit, and that’s created tens of thousands of jobs.

The instant removal of tax credits could have serious consequences on EV sales, but in the long run, it could not matter at all.

The upcoming administration's desire to slow electric vehicle adoption could in turn increase the already astronomical amount of gasoline the U.S. uses

It could be the end of the road soon for a key tax credit that provides up to $7,500 to buyers of electric vehicles — and one forecasting firm is offering an estimate for when it might run out.

President-elect Donald Trump has suggested eliminating the federal tax credit for electric vehicles, and some experts expect a drop in EV sales to follow.

For the automotive industry, reports that President-elect Donald Trump and his team are looking to repeal the $7,500 federal tax credit are not surprising. However, the effect of a potential repeal could be massive for automakers betting on EVs being the future.