US president plans to scrap $7,500 tax incentive for electric vehicle buyers

President Donald Trump and Elon Musk are clashing over a major budget bill Trump wants passed, which the Tesla CEO says will blow out federal deficits.

WASHINGTON (Reuters) -Donald Trump threatened on Thursday to cut off government contracts to Elon Musk's companies and the world's richest man suggested the U.S. president should…

US president plans to scrap $7,500 tax incentive for electric vehicle buyers