I hear that EV drivers have started ripping out those electric motors from their cars and putting in V8 s. They hope this stops the fast depreciation of EVs.
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems President-elect Donald Trump’s transition team has made that a priority with plans to end the tax credit as part of broader tax reform legislation, Reuters reported citing two unnamed sources.
TechCrunch has confirmed the information with one source noting that the transition team appears “resolute on this.” Reports of the transition team’s intentions caused the stock price of Rivian, and other exposed automakers, to fall. Tesla shares fell 5%, and Rivian shares dropped by more than 12%.
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- Ann: Change of Director's Interest Notice
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Ann: Change of Director's Interest Notice, page-4
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $44.57M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 18.5¢ | $37.32K | 193.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 52932 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 57490 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 52932 | 0.185 |
5 | 31658 | 0.180 |
1 | 50000 | 0.175 |
4 | 70888 | 0.170 |
2 | 36218 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 57490 | 2 |
0.210 | 2404 | 1 |
0.215 | 2393 | 1 |
0.220 | 22240 | 4 |
0.225 | 18750 | 2 |
Last trade - 15.55pm 16/06/2025 (20 minute delay) ? |
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E25 (ASX) Chart |