President-elect Trump not keen on credit President-elect Donald Trump has indicated he is not in favor of the tax credit. "Tax credits and tax incentives are not generally a very good thing," Trump told Reuters when asked about the EV credit in August. More broadly, Trump has railed against EVs in campaign speeches, claiming that an “EV mandate” has the effect of coercing consumers to buy EVs — though his stance softened somewhat in the weeks prior to the election. And vice president elect Sen. J.D. Vance has proposed replacing the EV tax credit with a similar tax incentive for gas-powered vehicles. Timing and scope of changes to the $7,500 EV tax credit is a roll of the dice — so don’t wait The EV tax credit is likely not high on the list of more pressing priorities for the new administration after January 20. So, changes may not happen right away. That said, if you’re considering a Tesla or another EV, there’s no guarantee on the timing and whether the credit will, in whole or in part, survive the new administration. So it might be a smart play to consider a purchase or lease (both are eligible for the credit) before January 20. Is Tesla ready? Based on public statements to date, CEO Elon Musk appears ready for any outcome. Musk’s comments on the tax credit have ranged from “We don't need the $7,500 [EV]