Following his re-election, Donald Trump initiated efforts to repeal former President Biden's electric vehicle policies by signing executive orders and pushing Congressional bills. Key measures included the House passing a bill aimed at revoking tax credits for electric vehicle purchases, notably the $7,500 EV tax credit, and eliminating financial incentives for renewable energy projects. Additionally, the proposal would impose an annual tax on current EV owners for road improvements. This approach signals a significant shift in the U.S. government’s stance on electric vehicles and climate initiatives.
"As soon as he took office, he started signing a flurry of executive orders laying out exactly how he would start dismantling Biden's legacy... chief among them was an order to eliminate all of his predecessor's electric vehicle policies."
"Under the House proposal, most automakers would lose the EV tax credit right away - although those manufacturers who have yet to sell 200,000 EVs would get to keep the credit until the end of 2026."
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