Trump’s White House just gave you another reason to buy an electric car right now

When Tesla CEO Elon Musk introduced a lower-priced Model 3 a few months ago, he deducted thousands in federal tax incentives from the sticker price. On Monday, according to Reuters, White House economic adviser Larry Kudlow said the subsidies for electric vehicles from Tesla and other carmakers would end in 2020 or 2021.

Trump’s administration has long floated the idea of eliminating the tax break. Last week, he said he was thinking about cutting electric vehicle subsidies for General Motors after it announced plans to shut down five U.S. car plants.  Read more…

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