Report: Trump's transition team will revoke Biden's electric vehicle and emissions policies.
According to Reuters, the transition team's plan includes eliminating the Consumer tax credit for Electric Autos purchases, imposing tariffs on all Battery materials globally, and withdrawing Biden's support for Electric Autos and charging infrastructure.
Trump Transition Team Proposes EV Policy Rollback
Express News | Trump's transition team proposes major rollbacks of Biden's EV and emissions policies, aiming to cut support for electric vehicles and impose global tariffs on battery materials, according to Reuters.
Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
Faraday Future Announces Fashion Model and Designer Suede Brooks to Take Delivery of Her New FF 91 2.0 Futurist Alliance Thursday Dec. 12
Faraday Future Continues to Improve Manufacturing Efficiency by Insourcing Its FF 91 2.0 EV Seats
Jibang Consulting: In the third quarter, the total installed capacity of global electric vehicle traction power inverters reached 6.87 million units, an increase of 7% compared to the previous quarter.
In the third quarter of 2024, the total installed capacity of global electric vehicle traction power inverters reached 6.87 million units, which is a 7% increase compared to the previous quarter, but the growth rate has declined compared to the same period last year.
Worried about Trump's policies, South Korean electric car battery manufacturers are reconsidering their investment plans in the United States.
Informed sources reveal that some south korean companies have slowed down or suspended some ongoing factory constructions due to concerns over a decrease in demand for electric autos and the policies that Trump is expected to implement.
Express News | Faraday Future Announces Fashion Model and Designer Suede Brooks Signs FF 91 2.0 Futurist Alliance Lease Agreement and Becomes Latest Developer Co-Creation Officer
A newcomer in the U.S. Senate claims to end subsidies for electric vehicles, allowing consumers to decide which models to purchase.
① Bernie Moreno, the incoming senator from ohio in the usa, stated that if he becomes the "autos czar" in the next Trump administration, one of his top priorities would be to eliminate the $7,500 tax credit for electric vehicles; ② Moreno emphasized that the "market should play a role," calling for an end to government intervention in businesses, and advocated for creating a favorable tax, regulatory, and labor environment for auto companies.
BMO Comments on US, Canada Vehicle Sales in November
Vehicle-Sales Jump Bodes Well for U.S. GDP -- Market Talk
U.S. Auto Sales Climb to Highest Level in Three and a Half Years
Express News | Faraday Future Appoints Veteran Automotive Technology Expert and Industry Leader DR. Lei Gu to President of FX Global EV R&D Center
Faraday Future Appoints Veteran Automotive Technology Expert and Industry Leader Dr. Lei Gu to President of FX Global EV R&D Center
(FFIE) - Analyzing Faraday Future's Short Interest
Express News | Reported Earlier, Faraday Future Eyes Local Suppliers In Ras Al-Khaimah For 80% Of UAE Factory Needs
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
Leaked BYD Letter Signals China EV Price War Is Set to Intensify