Tesla is making it clear that the tax credit is critical to Model Y and Model 3 pricing. The price with the incentive is now displayed prominently on its inventory page.

The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.

Tesla reportedly supports the Trump administration’s plan to kill the $7,500 federal tax credit for electric vehicles – something

Shares of Tesla and other electric vehicle makers fell Thursday after a report President-elect Donald Trump and his transition team are planning to end a $7,500 EV tax credit.

Some electric vehicles and plug-in hybrids are set to get less affordable from next year, it seems. As expected, the incoming Trump administration has set its sights on killing off the IRS clean vehicle tax credit, according to a report in Reuters this afternoon.

The electric-vehicle purchase tax credit makes buying Teslas and other EVs more affordable for most car buyers.

President-elect Trump wants to eliminate the $7,500 tax credit on electric vehicles, which would hurt Tesla the most.