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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 |
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12-Dec-2024 🚀 Tesla stock breaks record at $415
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11-Dec-2024 🚗 Tesla sells 21,900 EVs in China, hits record Q4 weekly sales
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03-Dec-2024 ⚖️ Tesla fails to overturn ruling on Musk’s $56b pay deal
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30-Nov-2024 🚗 Tesla slashes Model Y vehicle prices in China
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19-Nov-2024 🚗 Tesla shares jump nearly 8% on Trump’s self-driving policy
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