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EV sales could drop nearly 30% if Trump repeals tax credit
'Not trivial': EV sales could drop nearly 30% if Trump repeals tax credit
For the automotive industry, reports that President-elect Donald Trump and his team are looking to repeal the $7,500 federal tax credit are not surprising. However, the effect of a potential repeal could be massive for automakers betting on EVs being the future.
Reading the EV tea leaves: What happens to electric vehicle sales under a Trump presidency?
While experts agree that President-elect Trump's administration will slow EV purchases in the U.S., how policies and market forces play out aren't clear.
Maybe Trump Won’t Kill the EV Tax Credit After All
One advocate is pushing the incoming Trump administration to keep the electric-vehicle purchase tax credit: the traditional auto industry. That might surprise investors. Ford Motor and General Motors lose billions selling EVs and make many more billions selling traditional gasoline-powered vehicles.
EVs are ‘the future’ even if Trump kills tax credit, Hyundai exec says
Hyundai Motor Group’s José Muñoz says Georgia manufacturing investment was spurred by U.S. market demand, not federal incentive programs.
EV, Northvolt
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak consumer demand for EVs.
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to Europe’s electrification ambitions.
Northvolt files for bankruptcy, leaving Europe's EV battery hopes in doubt
"The company will continue to make deliveries to customers, while fulfilling obligations to critical vendors and payment of wages to employees," according to a statement from Northvolt. Read also: EU to back Trump on China trade pressure in exchange for Ukraine support Northvolt filed for bankruptcy in the U.
6h
on MSN
The shocking truth behind China’s EV dominance and America’s uphill battle
With cutting-edge advancements and massive investments, China is outpacing the U.S. in EV development, can America catch up?
Business Insider on MSN
17h
China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
Volkswagen remains firmly committed to China despite a "ruinous"
EV
price war by domestic rivals that has hit overseas ...
2m
on MSN
What Gas Car Would Absolutely Crush It As An EV?
While electric cars may not be ideal for everyone, certain models could be significantly enhanced by adopting such a ...
Digital Trends on MSN
1d
If you’ve been planning on buying an EV, now might be the time
Well, the days of being able to count on a $7,500 rebate on
EV
purchases may be coming to a close. The federal
EV
tax ...
justthenews
22h
Despite lackluster consumer interest, automakers are asking Trump to keep EV mandate in place
John Bozzella, president of the Alliance for Automotive Innovation, said in a letter to Trump that automakers’ success ...
1d
EU, China close to agreement over EV import tariffs, leading MEP says
Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the ...
1d
When disaster struck, these EV owners turned to their cars for power
In an era of increasingly hard-hitting disasters, some people are turning to their EVs as a part of their recovery plan.
1d
Biggest Ever Environmental Payout Could Clean EV Supply Chains
Anglo-Australian mining company's $30 billion settlement of a long-running compensation claim from 700,000 Brazilians could ...
1d
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
1d
EV battery industry trends in integrated manufacturing and localization initiatives
As the electric vehicle (EV) market expands, manufacturing processes must adapt to meet the growing demand for effectiveness, ...
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