Summary
The Trump transition team plans to dismantle key support for the US electric vehicle (EV) market by eliminating the $7,500 federal EV tax credit and diverting funds from EV charging stations to securing battery materials as a “national-defense issue.”
This marks a major shift from Biden’s policies, which prioritized rapid EV adoption and a domestic battery supply chain.
The plan includes imposing tariffs on battery parts and materials globally, with possible exemptions for allies.
These changes are expected to slow US EV growth, further widening the gap with Europe and China.
It’s true, Chevy has earned a reputation for being low quality, while Honda has a much better reputation. Also, Chevys are usually just uglier, in my opinion, especially the interiors. I really hope Chevy can use this opportunity to reinvent themselves and start making more desirable vehicles, but in the meantime at least the Ultium platform is selling, in some form.