President Trump has initiated a crackdown on electric vehicles and the regulatory policies supporting their growth. Through his executive order titled "Unleashing American Energy," Trump aims to eliminate what he refers to as an "EV mandate" to enhance consumer choices. However, experts warn that fully repealing supportive measures like the Inflation Reduction Act's tax credits would necessitate Congressional approval. Additionally, Trump has halted funding for electric vehicle infrastructure, which could disrupt the charging industry, particularly affecting key players like Tesla, which has significantly benefited from previous funding allocations.
One of Trump's many executive orders, titled "Unleashing American Energy," commits to eliminating what the president falsely calls an "electric vehicle (EV) mandate" in order to promote true consumer choice.
As industry experts have noted, fully repealing the Inflation Reduction Act and its EV tax credits would need an act of Congress.
Collection
[
|
...
]