Trump win could sharply raise the cost of electric vehicles. Here's why.
CBSN
With President-elect Donald Trump vowing to pull the plug on the $7,500 tax credit for buyers of electric vehicles, one EV maker and its billionaire owner are fully behind the idea and even stand to profit from it.
"Take away the subsidies, it will only help Tesla," Tesla owner Elon Musk posted in July on X, the social media platform he owns.
The credit granted to buyers of EVs helped make the case for buying the climate-friendlier vehicles, and when an earlier version of the tax credit was done away with several years ago, Tesla cut prices on its cars by about half of the credit its buyers were no longer receiving.
Three days after 24-year-old Alyssa Burkett was shot and then stabbed to death outside her office in Carrollton, Texas, Andrew Beard – with whom Burkett shared a 1-year-old daughter – was charged with her murder. The following day, Beard's fiancée Holly Elkins voluntarily sat down with two detectives at the Carrollton Police Department.