Summary
The Trump transition team plans to dismantle key support for the US electric vehicle (EV) market by eliminating the $7,500 federal EV tax credit and diverting funds from EV charging stations to securing battery materials as a “national-defense issue.”
This marks a major shift from Biden’s policies, which prioritized rapid EV adoption and a domestic battery supply chain.
The plan includes imposing tariffs on battery parts and materials globally, with possible exemptions for allies.
These changes are expected to slow US EV growth, further widening the gap with Europe and China.
BYD has entered the chat.
They meant where this news matters, in the US. BYD currently cannot sell passenger vehicles in America.
And Tesla sells and builds cars in China, so it matters plenty more than only in the US.
Yes, but Trumps policies will only benefit Tesla both in the US and abroad. This news isn’t relevant outside of the US, where more than 50% of EVs sold in America are Teslas.
Your point is valid, but irrelevant.