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
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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.
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