Automakers Urge Trump to Preserve EV Tax Credits Amid Policy Shifts

1 min read
Source: The Verge
Automakers Urge Trump to Preserve EV Tax Credits Amid Policy Shifts
Photo: The Verge
TL;DR Summary

The auto industry, through its main lobbying group, is urging President-elect Donald Trump to preserve the $7,500 electric vehicle tax credit and maintain stability in emissions standards, despite Trump's campaign promises to eliminate such incentives. The Alliance for Automotive Innovation, representing major automakers, argues that these policies are crucial for maintaining U.S. competitiveness and job creation. The group also seeks a federal regulatory framework for autonomous vehicles, aligning with Trump's interests, while expressing concerns over potential rollbacks of Biden's environmental policies.

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