A deduction of up to $10,000 is available for vehicles that undergo final assembly in the United States.

The Internal Revenue Service (IRS) and the Department of the Treasury issued guidance on Wednesday regarding the deduction for car loan interest payments made by taxpayers. The provision allows owners who bought vehicles with final assembly in the United States to deduct up to $10,000 in car loan interest from their taxable income for 2025 through 2028.

“If two taxpayers have a Federal income tax return filing status of married filing separately, the $10,000 limitation would apply separately to each taxpayer’s return.” If the modified adjusted gross income of a taxpayer for a year exceeds $100,000, the deduction limit decreases by $200 for every $1,000 in extra income. For married taxpayers filing a joint return, the cuts in deductions start once income exceeds $200,000.

https://www.zerohedge.com/personal-finance/made-usa-cars-granted-trump-tax-break-irs-deduction-guidance

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Chinese EV Exports Are Exploding, And The West Has No Way To Stop Them

Through November, Chinese electric vehicle exports rose by 29 percent globally, reaching nearly 2 million units across Asia, Europe, and emerging markets

https://www.zerohedge.com/energy/chinese-ev-exports-are-exploding-and-west-has-no-way-stop-them