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.
On the one hand, im kinda in support of not subsidizing the auto industry.
On the other hand, I know this will only hurt us ecologically and economically.
Will this see a spike in EV adoption before Trump takes office?
I’m kinda assuming he’s going to add a specific carve out exception for “companies who invest in our space program and social media” or something like that