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001122334455554433221100

US risks losing EV market leadership as tax credit repeal looms

US Energy Secretary Jennifer Granholm warned that eliminating the $7,500 EV tax credit, as proposed by Donald Trump, would hinder the US electric vehicle market and cede leadership to China. The move could significantly reduce EV sales, including Tesla's, as consumers may opt for cheaper gas cars instead. This shift threatens the US economy's long-term competitiveness in the global auto industry, where Chinese manufacturers are rapidly gaining ground.
CleanTechnica
United States Dollar BYD NIO Inc. Tesla, Inc. Reuters Continental Resources Inc. Zeekr XPeng Inc. USA CHN Joe Biden Donald Trump Mike Barnard Elon Musk Jennifer Granholm Show more
Finance & Economy, Blog Post
00:28 16.11.2024
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