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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.

Automobile Renting and Leasing, Automobiles, Batteries, Biden, Joseph R Jr, Cars, Consumer Behavior, Electric, Electric and Hybrid Vehicles, Electric Car, Electric Cars, Factories and Manufacturing, General Motors, Global Warming, International Trade and World Market, Musk, Elon, Presidential Election of 2024, Prices (Fares, Fees and Rates), Republicans, Sales, Tax Credits, Deductions and Exemptions, Tesla Motors Inc, Treasury Department, Trucks, Trump, Donald J, United States, United States Economy, United States Politics and Government

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

Cars, China, Customs (Tariff), Electric, Electric and Hybrid Vehicles, Electric Cars, Elon Musk, Factories and Manufacturing, International Trade and World Market, Manufacturing, Musk, Elon, Protectionism (Trade), Solar, Solar Panels, Tesla Motors Inc, Trump, Donald J, United States International Relations

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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The European Union is expected to support wielding tariffs on electric vehicles made in China, seeking to prevent unfair competition.

Cars, China, Customs (Tariff), Electric, Electric and Hybrid Vehicles, Electric Cars, electric vehicles, europe, European Commission, European Union, International Relations, International Trade and World Market, Macron, Emmanuel (1977- ), Protectionism (Trade), Scholz, Olaf (1958- ), tariffs

The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.

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