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30m
Republicans may stall, but electric vehicles’ momentum likely unstoppable
As prices drop and technology advances, industry experts say market demand will continue driving electric vehicle adoption despite potential rollbacks of federal incentives under a Trump administration.
Jack Ewing reports for The New York Times.
In short:
- Republicans, including President-elect Trump, plan to reverse key federal incentives for electric vehicles, including tax credits and subsidies.
- Automakers remain committed to electrification due to significant investments and global competition, particularly from China.
- Analysts warn that cutting incentives could slow EV sales, though some states like California plan to maintain their own subsidies.
Key quote:
"Make no mistake about it. We’re committed to electrification."
—Randy Parker, CEO of Hyundai Motor America
Why this matters:
Reducing incentives for electric vehicles could delay progress on decreasing transportation emissions, a key driver of climate change. The U.S. risks falling behind in EV technology as China expands its dominance, which could also impact domestic jobs linked to EV supply chains and battery production.
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