Automakers Prepare for Battle Over EV Incentives

Wedoany.com Report-Nov 30,President-elect Trump spent his campaign promising to tear into electric vehicle incentives and emission regulations. A growing contingent is preparing to fight him on it.

For starters, Ford, General Motors, Stellantis, and other automakers plan to ask the incoming president to keep in place Biden administration tailpipe emissions standards that would push them toward phasing out combustion vehicles. While they don’t all love the regulations, they’ve already invested billions of dollars into EVs and just want the rules governing that transition to stay consistent, the New York Times reports. The same goes for the Inflation Reduction Act’s $7,500 EV incentives: automakers and dealers say repealing them would hurt sales and put their huge EV investments at risk.

If something does happen to those incentives, California is coming up with a backup plan. Gov. Gavin Newsom this week proposed relaunching the state’s Clean Vehicle Rebate Program to once again incentivize EV purchases, promising that “we’re not turning back on a clean transportation future.” Officials in the governor’s office told the Associated Press that the state could exclude Tesla from those rebates to incentivize competition, something Trump’s pal Elon Musk called “insane.”

Meanwhile, the $7.5 billion for EV chargers allocated under 2021’s Bipartisan Infrastructure Law is in safer territory. The program so far hasn’t made much progress deploying chargers, but its funding will largely be allocated to projects and nearly impossible to roll back by the time Trump takes office, experts tell Politico.