Ending the $7,500 tax credit for electric vehicles could severely hinder the transition to EVs in the US, even as it might benefit Tesla over competitors.
Tesla has indicated a willingness to support the end of the subsidy, believing it could hurt its sales somewhat but devastate legacy automakers like GM and Ford.
The discussions to repeal the subsidy, which was a part of President Biden's Inflation Reduction Act, are led by an energy-policy team including notable figures.
Major automakers have expressed concerns about the potential repeal of the EV tax credits, emphasizing their importance for maintaining the US's position as a leader in the EV market.
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