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Trump’s team plans to roll back Biden’s EV policies

Donald Trump’s transition team has put forward policy recommendations that aim to reduce government support for electric vehicles (EVs) and related infrastructure.

The proposals aim to boost the US defense supply chain and reduce reliance on China for key materials.

Among the key recommendations is the termination of the Biden administration’s US$7,500 EV tax credit.

The team also proposes reallocating funds from a US$7.5 billion EV charging station initiative to improve battery mineral processing and strengthen national defense.

Recent Tesla developments

Timeline
12-Dec-2024 🚀 Tesla stock breaks record at $415
  • Tesla stock hits record high of $415
  • 66% market value increase in 2023
11-Dec-2024 🚗 Tesla sells 21,900 EVs in China, hits record Q4 weekly sales
  • Tesla sold 21,900 EVs in China’s first week of Dec.
  • Model Y leads sales; 10,000 yuan discount offered.
03-Dec-2024 ⚖️ Tesla fails to overturn ruling on Musk’s $56b pay deal
  • Court denies Tesla’s appeal on Musk’s pay deal
  • Tesla plans to appeal to Delaware Supreme Court
30-Nov-2024 🚗 Tesla slashes Model Y vehicle prices in China
  • Model Y price cut in China until Dec 31
  • 10,000 yuan discount and 0% financing offered
19-Nov-2024 🚗 Tesla shares jump nearly 8% on Trump’s self-driving policy
  • Tesla shares rise 8% amid Trump administration news
  • Musk leads new entity to streamline vehicle regulations

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