Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits

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Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits

//automotive-transportation.news-articles.net/co .. on-despite-trump-threat-to-kill-tax-credits.html

Published in Automotive and Transportation on Tuesday, November 26th 2024 at 12:21 GMT by Aaron Neefham
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it's likely that fewer buyers will choose EVs.

The article from The Columbian discusses the automotive industry's ongoing transition towards electric vehicles (EVs) despite former President Donald Trump's threats to eliminate EV tax credits if he were to return to office. Industry experts and analysts believe that the shift to EVs is too far advanced to be significantly derailed by policy changes. Key points include the substantial investments already made by automakers in EV technology, the growing consumer demand for electric cars, and the global push towards reducing carbon emissions. Even though Trump has criticized EV incentives as a "hoax" and promised to reverse them, the momentum in the industry suggests that the transition will continue, albeit possibly at a different pace or with different incentives. The article also notes that while political changes could affect short-term strategies, the long-term trend towards electrification is seen as inevitable due to environmental concerns, technological advancements, and market dynamics.

Read the Full The Columbian Article at [ https://www.columbian.com/news/2024/nov/26/auto-industrys-shift-toward-evs-is-expected-to-go-on-despite-trump-threat-to-kill-tax-credits/ ]