The Trump Government Wants to Axe EV Subsidies

The transition team appointed by president-elect Donald Trump has set its sights on the $7,500 EV tax incentive implemented by the Biden administration and plans to axe it as soon as possible, Reuters has reported, citing two unnamed sources. Trump has repeatedly showed an absence of soft spots for the EV industry and has signaled a radical change in the attitude of the federal government to that industry if he wins. Now that he has, the radical change will soon be underway. The EV incentive axing will be part of a broader tax reform, the Reuters…