SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

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: 15 November 2024

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

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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street