Automakers plead with Trump: don’t kill the EV tax credit

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Automakers plead with Trump: don’t kill the EV tax credit
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The auto industry is urging Donald Trump to spare the $7,500 EV tax credit and pass a regulatory framework for autonomous vehicles.

The auto industry is sending an urgent message to President-elect Donald Trump: spare the $7,500 electric vehicle tax credit. In a November 14th letter to Trump and his transition team, the auto industry’s main lobbying group urges the new administration to preserve incentives for EV buyers and manufacturers that were enacted under President Joe Biden, arguing these policies keep the US competitive globally while also creating “good jobs.

John Bozzella, president and CEO of the alliance, didn’t oppose Biden’s efforts to impose stricter tailpipe rules on automakers, although he did call some of the thresholds “stretch goals.” Now, in his letter to Trump, he is calling for “reasonable and achievable federal and state emissions regulations aligned with current market realities that support a customer’s ability to purchase a vehicle that meets their individual needs.

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