USA may scrap electric car bonus

The USA and its incoming president Donald Trump may be on their way to scrap the electric car bonus that car buyers can receive, reports Reuters, which is relying on anonymous sources with insight into the plans.

» Published: November 15 2024

USA may scrap electric car bonus
Photo: David Zalubowski/AP/TT

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In that case, it would be a hard blow to President Joe Biden's large package for green transition, reduced fossil dependence, and investment in new jobs in the sector in the USA.

According to Reuters' sources, Tesla CEO Elon Musk supports the abolition of the subsidy, which amounts to 7,500 dollars, just over 80,000 kronor. Musk has become one of Trump's closest advisors.

As a reaction to the reports, the stock prices of American car manufacturers and Asian battery companies fell.

In July, Musk said that his Tesla would feel the abolition of the subsidy a little. But it would, according to him, be devastating for Tesla's American competitors in the USA, including General Motors.

Trump promised during the election campaign that he would start dismantling Biden's large climate package immediately.

In a post on X on Thursday, Elon Musk wrote that the USA should abolish all subsidies for electric cars, oil, and gas.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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