Donald Trump, the Republican candidate in the U.S. presidential election, has made statements that have alarmed those considering buying electric vehicle: Trump stated that he is not against electric vehicles, but he is considering taking steps to remove the tax credit for electric vehicles if he takes office. Here are the details…
A $7,500 tax credit was applied to electric vehicles in the U.S.
During a campaign event in York, Pennsylvania, Donald Trump, the Republican presidential candidate, told Reuters that if elected, he is considering removing the $7,500 tax credit for electric vehicle purchases.
Trump stated that he is not against electric vehicles but is open to all options, including gasoline-powered and hybrid vehicles. He emphasized that while he is a big fan of electric vehicles, the potential future options for gasoline and hybrid vehicles should not be overlooked.
Trump also mentioned that he would reverse the Biden administration’s rules that encourage automakers to produce more electric and plug-in hybrid vehicles. He expressed his view that due to cost and battery range issues, electric vehicles represent a much smaller market.
The former president added that he would implement new tariffs to deter automakers, known as the Detroit Three, and others from exporting vehicles to U.S. consumers from Mexico, and he would prevent Chinese automakers from setting up new facilities in Mexico for the U.S. market.
These developments are sparking significant debates regarding the future of the automotive industry and U.S. energy policies. As these topics are expected to become a major agenda item in the upcoming U.S. presidential election, there is already curiosity about how these developments will impact electric vehicle prices…
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