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.
I wish these articles would note that Congress gets a say. I know there’s a slim Republican majority in both houses but that’s not enough in the Senate.
Obviously, a lot can be done by executive order and that reconciliation exists. The tax credit would qualify for reconciliation bills and could easily be doomed. But half these articles act like Trump won’t face any resistance, even from within his own party.
Trump will literally just EO to stop the physical payment of rebates.