By Admin 
Ev tax credit: The dispute between US President Donald Trump and Tesla CEO Musk is no longer hidden from anyone. Actually, musk electric vehicle is angry with the removal of tax incentives.
Trump and Musk clashed with each other
While Musk says that Trump’s ‘Big Beautiful Bill’ will increase US $ 2.4 trillion in the next ten years. In this bill, by furthering the policy of Trump of 2017, the general public and companies have to provide relief from tax. In this, there is a proposal of remedies for 3.5 percent on sending money abroad, which has given exemption to Americans. Apart from this, it is also proposed to abolish the subsidy on EV. Trump believes that this bill will save $ 1.6 trillion. This will emerge the US economy as stronger.
Trump threatens Musk
Now when Musk is criticizing it, where is Trump going to retreat. He also wrote on Truth Social, “The easiest way to save billions of dollars in our budget is to eliminate Alan’s government subsidy and contracts. I am surprised why Biden did not do this. ”
EV Tax Credit is a tax credit of up to $ 7,500 on the purchase of electric vehicles in the US. That is, while filing tax returns, there will be a discount of $ 7,500 on new vehicles and $ 4,000 on vehicles purchased or after 2010.
How much benefit the musc for government fund?
Two Musk’s companies- Tesla and SpaceX have been benefiting from government subsidies and contras. The government had arranged for EV tax credit to reduce carbon emissions as a part of promoting climate change efforts, which made a lot of profits. According to an analysis of the Washington Post, Musk and his companies have received $ 38 billion in the form of government contracts, loans, subsidies and tax credit in more than two decades.
In the last five years, about two-thirds of funds of Musk companies were allotted to the companies of $ 38 billion, while in 2024, $ 6.3 billion was also received by the government. SpaceX has also received at least 1 billion dollars in the form of government contracts, loans, subsidies and tax credit every year since 2016. The amount ranged between 2021 and 2024 between $ 2 to 4 billion. Whereas Tesla received more than $ 1 billion every year from 2020. Now it is obvious that if there is any cut in any of these, then the musk will suffer heavy losses.
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