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Trump transition calls for gutting subsidies for EVs and charging stations: report

^{Published on 2024-12-16 15:00:47 - justthenews}
 

• Transition team document reportedly recommends shifting remaining money in Biden's $7.5 billion plan to battery-minerals processing, national defense.

The Trump transition team is reportedly planning to dismantle subsidies for electric vehicles (EVs) and their charging infrastructure, according to a document obtained by Politico. This policy shift aims to reverse the Biden administration's initiatives to promote EV adoption through financial incentives. The document suggests that the Trump team views these subsidies as market-distorting and prefers to support traditional automotive industries. This move could significantly impact the EV market, potentially slowing down the transition to electric vehicles in the U.S. by removing financial incentives that make EVs more affordable and accessible to consumers.

Read the Full justthenews Article at:
[ https://justthenews.com/politics-policy/energy/trump-transition-calls-gutting-subsidies-evs-and-charging-stations-report ]

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