Musk Criticizes His Former Federal Patron's Tax Bill for Slashing EV Credits

Elon Musk, CEO of Tesla, has expressed his opposition to President Trump's proposed tax bill, which includes significant cuts to electric vehicle (EV) credits. Arguing that the cuts would be "incredibly destructive" to the United States, Musk has joined a chorus of critics warning about the potential impact on the renewable energy sector.

The Senate version of the bill would raise the cost of wind and solar projects by 10% to 20%, according to estimates from an energy group. Critics, including Musk, contend that such cuts would stifle innovation and hinder the transition to sustainable transportation solutions.

As the debate over the bill continues, the potential consequences for both the EV industry and the broader renewable energy landscape remain uncertain. With Tesla and other EV manufacturers heavily reliant on government incentives, the proposed cuts could have far-reaching implications for the future of electric transportation.

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