U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

Shares of electric vehicle companies including Tesla fell Thursday after a report that the incoming Trump administration hopes to end $7,500 consumer tax credits on the purchase of EVs. Tesla shares ...

Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of ...

Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act ...

Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the ...

Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax legislation, ...

While Tesla is by far the top EV seller in the US, Chief Executive Officer Elon Musk has said the company will be better ...

The ASX is on the rise, despite Powell's hawkish stance. Meanwhile MinRes admits slip-up and Cyclone Metals has surged after ...

Despite a 9% decline in product revenue, Cisco saw a 6% increase in services revenue. One standout was the robust growth in ...

Shares retreated in Asia on Thursday after a lackluster finish on Wall Street following a report showing an uptick last month in inflation in the U.S. The dollar was trading near ...

Plans to eliminate the up to $7,500 consumer tax credit for plug-in vehicles is a sign of the partnership between Musk and ...