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Donald Trump’s plans threaten the EV transition
An abrupt change of course on US subsidies would come at a time when demand is already slowing in developed economies.
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US President-elect Donald Trump is expected to kill the $10,100 consumer tax credit for electric vehicle purchases as part of broader tax-reform legislation.
PHOTO: AFP
June Yoon
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Electric car sales have picked back up in recent months, with global sales running a third higher in October than the previous year.
In many countries, much of that growth is still being driven by government subsidies. The US is one of them, although that support may not last much longer.
