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The incoming Trump administration may add to this uncertainty. Major US automakers like GM ( GM ) and Ford ( F ) spent 2024 curtailing their EV growth plans as the projected demand for EVs waned.
Among Trump's campaign promises is a plan to dismantle the Biden Administration's EV tax credits, which have helped drive down the cost of EVs this year as the vehicles remain frustratingly expensive.
The transition team proposes shifting those regulations back to 2019 levels, which would allow an average of about 25% more emissions per vehicle mile than the current 2025 limits and average fuel ...
“First of all they don’t go far, they cost too much, and they’re all going to be made in China.” Trump has said in the past that EVs are a “hoax” and that an EV transformation will ...
With President-elect Donald Trump vowing to pull the plug on the $7,500 tax credit for buyers of electric vehicles, one EV maker and its billionaire owner are fully behind the idea and even stand ...
The transition team proposes shifting those regulations back to 2019 levels, which would allow an average of about 25% more emissions per vehicle mile than the current 2025 limits and average fuel ...
The government announced it would invest $7.5 billion toward EV chargers in 2021, with the aim of building 500,000 electric vehicle chargers by 2030. Biden is racing to boost EV charging networks ...
The demise of the credits could force Detroit to scale back or eliminate its EV initiatives, benefiting Tesla, per CBS News. But it remains to be seen what Trump will end up doing regarding EV ...