EV sales could drop nearly 30% if Trump repeals tax credit

'Not trivial': EV sales could drop nearly 30% if Trump repeals tax credit
For the automotive industry, reports that President-elect Donald Trump and his team are looking to repeal the $7,500 federal tax credit are not surprising. However, the effect of a potential repeal could be massive for automakers betting on EVs being the future.
Reading the EV tea leaves: What happens to electric vehicle sales under a Trump presidency?
While experts agree that President-elect Trump's administration will slow EV purchases in the U.S., how policies and market forces play out aren't clear.
Automakers urge Trump to preserve EV tax credits, boost self-driving cars
A group representing major automakers including General Motors , Toyota Motor Corp , and Volkswagen urged President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars.
Maybe Trump Won’t Kill the EV Tax Credit After All
One advocate is pushing the incoming Trump administration to keep the electric-vehicle purchase tax credit: the traditional auto industry. That might surprise investors. Ford Motor and General Motors lose billions selling EVs and make many more billions selling traditional gasoline-powered vehicles.
EVs are ‘the future’ even if Trump kills tax credit, Hyundai exec says
Hyundai Motor Group’s José Muñoz says Georgia manufacturing investment was spurred by U.S. market demand, not federal incentive programs.
The shocking truth behind China’s EV dominance and America’s uphill battle
With cutting-edge advancements and massive investments, China is outpacing the U.S. in EV development, can America catch up?
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If you’ve been planning on buying an EV, now might be the time
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