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Trump's Order Threatens Biden's EV Tax Credit, Infrastructure
1/25/2025
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Trump Dismantles EV Initiatives
- President Trump's new executive order seeks to dismantle Biden's electric vehicle initiatives, targeting the $7,500 tax credit and funding for charging infrastructure. This abrupt shift casts a shadow over the future of the U.S. EV market, jeopardizing significant investments by automakers and raising questions about competition with China and compliance with California's stringent regulations.
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