US House Votes To Eliminate Electric Vehicle Tax Credits

(MENAFN- Investor Brand Network) The Trump administration has fulfilled one of the promises President Donald Trump made during his second presidential campaign: eliminating the federal tax credit for electric vehicle purchases. In a move that will undoubtedly have major repercussions for America's nascent electric vehicle industry, the U.S. House has voted to eliminate federal EV tax credits. These credits of up to $7,500 were critical to boosting electric vehicle adoption in the country, and their loss will significantly affect battery electric vehicle (BEV) sales in the U.S.

Manufacturers like Mullen Automotive Inc. (NASDAQ: MULN) will have to quickly come up...

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NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company's newsroom at

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