The Trump transition team has fleshed out its plan to slash electric vehicle incentives and funding, which would result in...

Summary

The Trump transition team plans to dismantle key support for the US electric vehicle (EV) market by eliminating the $7,500 federal EV tax credit and diverting funds from EV charging stations to securing battery materials as a “national-defense issue.”

This marks a major shift from Biden’s policies, which prioritized rapid EV adoption and a domestic battery supply chain.

The plan includes imposing tariffs on battery parts and materials globally, with possible exemptions for allies.

These changes are expected to slow US EV growth, further widening the gap with Europe and China.

  • Makeitstop@lemmy.worldEnglish
    17·
    6 days ago

    Tesla’s value is about getting investors to buy into speculation and false promises, and has very little to do with their ability to sell cars.

    • Nougat@fedia.io
      12·
      6 days ago

      … and has very little to do with their ability to sell cars.

      Or design them. Or build them. Or repair them.