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Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.

From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing for Chinese dominance.


The off-highway equipment industry is undergoing a significant transformation, with electrification taking center stage. Bobcat, a leading innovator in this space, has introduced its all-electric platform, the T7X. Unlike

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.

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