As if that wasn’t enough, President Trump threatened to cut all “subsidies, including for electric cars” over the closure of plants in North America. Chief executive officer Mary Barra hasn’t come up with something to sweeten the deal, leading us to believe that GM is en...
The oil and gas industry, which also donated to the Trump campaign, also supports killing the EV tax credit as well as Trump's plan to roll back other Biden administration clean energy initiatives such as wind and solar power subsidies. In October, the Alliance for Automotive In...
Related:Collision Claim Trends to Watch in 2025 US President-elect Donald Trump’s threat to impose greater tariffs on auto imports and vow to remove subsidies spurring electric vehicle adoption could act as a damper on worldwide output levels. “The production landscape will change dramatically, a...
That’s because Tesla has benefited from generous government subsidies in the form of grants and tax credits for clean-energy projects, whose value has been calculated between $3 and $5 billion.“They really are the king of subsidies,” Zachary Tashman, senior researcher at Americans for Tax ...
for R&D activities that it hopes will trigger about $113 billion (€100 billion) in industry investment in manufacturing. The initiative calls for a multipronged approach that includes easier access to capital financing by qualified companies; pooling EU, national, and regional subsidies to enable ...