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What will be the impact on U.S. EV market share by Dec 31, 2025?
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Market analysis reports from automotive industry analysts or government agencies
Story
Trump Transition Team Proposes Rollback of Biden EV Policies, Tariffs on Battery Materials, Eliminating $7,500 Tax Credit
Dec 16, 2024, 11:13 AM
President-elect Donald Trump's transition team is proposing significant changes to environmental and electric vehicle (EV) policies established during the Biden administration. Key proposals include the elimination of the $7,500 tax credit for electric vehicles and the imposition of tariffs on all battery materials globally. The transition team aims to redirect funds from EV support and charging infrastructure towards national defense initiatives, particularly to bolster U.S. production and reduce reliance on Chinese components. The recommendations suggest a comprehensive rollback of Biden's emissions policies, with an emphasis on strengthening barriers against imports from China, particularly in the automotive sector. The transition team's strategy reflects a broader shift in priorities, focusing on national security and domestic manufacturing over environmental incentives.
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