The New York City Musical and Theatrical Production Tax Credit and the Empire State Musical and Theatrical Tax Credit could soon be eliminated.

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

As the incoming Trump administration prepares to make aggressive cuts to government spending, one major provision of the landmark Inflation Reduction Act appears to be on the chopping block: the consumer tax credit for purchasing an electric vehicle.

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.

Tesla's electric vehicles likely would not qualify for California's new state tax credits under a proposal in the works if President-elect Donald Trump scraps the federal tax credit for EV purchases,

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.