RIP to the EV tax credit
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 8 July 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
A tax credit for electric vehicles was killed under the latest GOP tax and spending bill. It's a credit that has existed in some form for nearly 20 years. In this episode, how the tax break supported EV innovation and what might change when it ends in September. Plus: Big retailers eye vertical integration as a salve to supply chain and tariff drama, Canada’s first liquefied natural gas ship sails to Asia, and some employers choose brutal honesty in the recruiting process.
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Transcript
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| 0:57.5 | On the program today, well, yes, tariffs, but some other stuff too. From American public media. |
| 1:06.4 | This is Marketplace. |
| 1:17.2 | Music is Marketplace. In Los Angeles, I'm Kyle and Risdell. |
| 1:19.7 | It is Tuesday, today, 8 July. |
| 1:22.5 | Good as always to have you along, everybody. |
| 1:25.0 | We begin today with Element 29 on the periodic table, a soft, |
| 1:30.7 | extremely ductile, reddish metal with the symbol CU, known to we lay people as copper, |
| 1:37.1 | which is right now as expensive as it has ever been in all the time. We have been pulling it |
| 1:42.2 | out of the ground, up 17% at one point above |
| 1:45.3 | $5.50 a pound. Now, the name of this program is, of course, marketplace, not industrial |
| 1:52.2 | metals daily. But copper does provide us a good window into the key issue in this macro economy |
| 1:57.7 | right now. At a cabinet meeting today, President Trump announced that tariffs on imported copper, |
| 2:03.0 | again, those are taxes paid by American consumers, are going up to 50%, 5% percent, |
| 2:08.3 | likely by the end of the month. |
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