{"id":6276,"date":"2025-06-30T15:02:52","date_gmt":"2025-06-30T14:02:52","guid":{"rendered":"https:\/\/viralplanetnews.com\/?p=6276"},"modified":"2025-06-30T15:02:52","modified_gmt":"2025-06-30T14:02:52","slug":"elon-musk-slams-trump-over-ev-tax-credit-cuts-in-new-tax-bill","status":"publish","type":"post","link":"https:\/\/viralplanetnews.com\/index.php\/2025\/06\/30\/elon-musk-slams-trump-over-ev-tax-credit-cuts-in-new-tax-bill\/","title":{"rendered":"Elon Musk Slams Trump Over EV Tax Credit Cuts in New Tax Bill"},"content":{"rendered":"\n

By :- Shruti Tiwari<\/em><\/strong><\/p>\n\n\n\n

Washington D.C., USA<\/strong> \u2013 Tesla CEO Elon Musk has openly criticized former U.S. President Donald Trump and the newly proposed tax bill that aims to slash electric vehicle (EV) tax credits, calling the move \u201ca disaster for America\u2019s clean energy future.\u201d<\/p>\n\n\n\n

The bill, recently passed by the U.S. Senate through a controversial vote, proposes ending the federal EV tax credit of $7,500 much earlier than originally planned. This has sparked a heated response from Musk, who took to social media platform X to express his dissatisfaction.<\/p>\n\n\n\n

EV Industry to Take a Major Hit<\/strong><\/h3>\n\n\n\n

Under the current policy, consumers are eligible for up to $7,500 in tax credits when purchasing a new electric vehicle. However, the revised bill proposes cutting off these credits entirely after September 30, months ahead of the original year-end timeline. The bill also aims to eliminate tax benefits for commercial and used electric vehicles.<\/p>\n\n\n\n

These changes are expected to significantly impact EV manufacturers, particularly Tesla, which has benefited from these incentives to boost sales and accelerate the transition to sustainable transportation.<\/p>\n\n\n\n

Musk\u2019s Fierce Criticism<\/strong><\/h3>\n\n\n\n

Once considered an ally of Donald Trump, Musk has now emerged as one of his vocal critics. He warned that cutting these credits would not only reduce EV adoption but also cause mass job losses in the clean energy sector. \u201cThis bill will support dying industries of the past while crushing the technologies of the future,\u201d Musk posted on X.<\/p>\n\n\n\n

He added that such a decision would set America back in the global race for clean energy innovation, allowing countries like China to surge ahead in green technology and environmental leadership.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Resurfacing of Political Tensions<\/strong><\/h3>\n\n\n\n

Musk\u2019s remarks also signal a renewed rift between him and Trump. The Tesla chief had previously resigned from his role in the Trump administration\u2019s \u201cDepartment of Government Efficiency\u201d (DOGE), which focused on cutting government spending. This latest disagreement over EV policies may deepen the divide between the two powerful figures.<\/p>\n\n\n\n

America\u2019s Clean Energy Future at Risk<\/strong><\/h3>\n\n\n\n

Musk issued a strong warning: \u201cIf these policies are implemented, the U.S. will not only fall behind in technology but will also lose its position as a global clean energy leader.\u201d He emphasized that supporting fossil fuel industries at the expense of renewable innovation is a step in the wrong direction.<\/p>\n\n\n\n

Industry Reaction and Implications<\/strong><\/h3>\n\n\n\n

Analysts believe the bill, if passed into law, could have long-term consequences for America\u2019s EV market. Companies like Tesla, Rivian, and Lucid may face slower growth, reduced consumer interest, and operational downsizing due to the loss of key tax incentives.<\/p>\n\n\n\n

Environmental groups and EV advocates have echoed Musk\u2019s concerns, urging the Senate and the Biden administration to reconsider the tax revisions and continue supporting the clean transportation transition.<\/p>\n","protected":false},"excerpt":{"rendered":"

By :- Shruti Tiwari Washington D.C., USA \u2013 Tesla CEO Elon Musk has openly criticized former U.S. President Donald Trump and the newly proposed tax bill that aims to slash electric vehicle (EV) tax credits, calling the move \u201ca disaster for America\u2019s clean energy future.\u201d The bill, recently passed by the U.S. Senate through a […]<\/p>\n","protected":false},"author":1,"featured_media":6277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[34,25,21,32,20],"tags":[6777,992,6780,6773,6782,6053,6776,1190,6771,6779,6774,6770,6783,6778,4526,6775,6786,6784,6769,6781,3817,6151,6787,6772,6785,42],"_links":{"self":[{"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/posts\/6276"}],"collection":[{"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=6276"}],"version-history":[{"count":1,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/posts\/6276\/revisions"}],"predecessor-version":[{"id":6281,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/posts\/6276\/revisions\/6281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/media\/6277"}],"wp:attachment":[{"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=6276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=6276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/viralplanetnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=6276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}