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Market
Will Trump roll back Biden's $7,500 EV tax credit by December 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Legislative updates or official announcements from the U.S. Treasury or related government bodies
Story
Trump Team to Roll Back Biden's EV Policies, Impose Section 232 Tariffs on Battery Materials
Dec 16, 2024, 01:40 PM
President-elect Donald Trump's transition team is planning a sweeping rollback of President Biden's electric vehicle (EV) and emissions policies. The team recommends cutting off support for EVs and charging stations, halting Biden's $7,500 tax credit for EVs, and redirecting funds to national defense priorities. The proposals include imposing tariffs under Section 232 on all battery materials globally, particularly those from China, and strengthening measures to block cars, components, and battery materials from China. Trump has criticized Biden's EV mandates as 'insane', expensive, and out of touch with reality. These changes aim to boost U.S. production and address national security concerns.
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No • 50%
Yes • 50%
Reduced • 33%
Unchanged • 34%
Eliminated • 33%
Preserved • 25%
No vote • 25%
Modified • 25%
Eliminated • 25%
No significant response • 25%
Minor industry pushback • 25%
Major industry pushback • 25%
Positive industry response • 25%
Yes • 50%
No • 50%
No significant change • 25%
Shift focus to gas-powered vehicles • 25%
Decrease EV production • 25%
Increase EV prices • 25%