Trump’s transition team eyes repeal of EV tax credit, sparking concerns for U.S. auto industry

Trump’s transition team eyes repeal of EV tax credit, sparking concerns for U.S. auto industry

The Trump transition team is considering eliminating the $7,500 consumer tax credit for electric vehicle (EV) purchases as part of broader tax reforms. This potential move, part of the transition team’s energy-policy discussions led by figures like oil magnate Harold Hamm and North Dakota Governor Doug Burgum, could significantly impact the U.S. EV market, which…

Read More
China urges U.S. to halt "unreasonable suppression" amid proposed ban on Chinese software in vehicles

China urges U.S. to halt “unreasonable suppression” amid proposed ban on Chinese software in vehicles

China has strongly urged the United States to stop what it describes as “unreasonable suppression” of its companies. This follows U.S. proposals to ban Chinese software and hardware in vehicles due to national security concerns. The Chinese Ministry of Commerce criticized the U.S. government’s move, labeling it protectionist and a violation of fair competition and…

Read More