Reports from the U.S. Department of Commerce or industry reports

Trump Transition Team Plans Major Rollback of EV Support, Tariffs on Battery Materials, and Boost to U.S. Production

Dec 16, 2024, 11:06 AM

The Trump transition team is preparing to implement significant policy changes aimed at reducing support for electric vehicles (EVs) and enhancing trade measures against China. According to documents, the proposals include cutting financial support for EVs and imposing tariffs on all battery materials globally. The transition team aims to redirect funds towards boosting U.S. production capabilities and national defense. Additionally, the plans involve rolling back existing Biden administration policies related to electric vehicles and emissions, signaling a shift in the U.S. approach to both environmental and trade issues.