Trump team to reverse Biden EV and emissions initiatives -report [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The change will involve halting support for electric vehicles (EVs) and imposing tariffs on battery materials to challenge China's dominance in the industry. This move represents a clear shift from the current Biden administration's approach to EV transition and emissions policies. The transition team's recommendations include cutting off federal support for EVs and charging stations, strengthening measures to prevent automotive imports from China, and imposing global tariffs on battery materials, the report said. These proposals aim to redirect funds towards national defence and securing a China-free battery supply chain. The team also suggests negotiating tariff exemptions with allied countries to bolster US production. The recommendations mark a stark contrast to the Biden administration's policies, which have aimed to encourage a domestic battery supply chain and a rapid transition to EVs. The Trump team's plan would reallocate money from building charging stations an
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