Trump transition team plans to kill Biden's electric vehicle tax credit

By The Guardian   |   1 year ago
Trump transition team plans to kill Biden's electric vehicle tax credit

The US may end the $7,500 consumer tax credit for electric vehicles, impacting the EV transition. Tesla supports this move, but it could hurt US EV competitors. Repealing the subsidy is being discussed by the energy-policy transition team led by Harold Hamm and Doug Burgum.

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