The IRS code that gives consumers a $7500 credit when they purchase an EV is formally known as Section 30D. It was passed by an act of Congress as part of the Inflation Reduction Act of 2022 and cannot be revoked by EO. As of this writing on February 7, 2025, Congress has not made any changes to Section 30D. So for the time being, the tax credit remains intact.

Read More