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☆ Automakers say they need a 'miracle' to meet EV transition timelines. They think Trump could help.
▼ + stars: | 2024-12-06 | by ( Catherine Boudreau | Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementAuto execs see an opportunity to roll back state EV mandates under President-elect Donald Trump. Nissan and Toyota say state rules requiring a rapid uptick in EV sales are unrealistic. Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales. AdvertisementNow the industry is strategizing how to influence Trump, including on EV sales requirements they view as too ambitious. Those federal rules aren't an "EV mandate," as Trump falsely said on the campaign trail.

Persons: Donald Trump, Trump, Papin, That's, EVs, Biden, Dave Kelleher, Karoline Leavitt, John Bozella, Jack Hollins, Paul Jacobson, Jacobson, It's Organizations: Nissan, Toyota, Trump, EV, Environmental Protection Agency, BMW, Ford, Honda, Volkswagen, Biden, EPA, Chrysler, Dodge, Alliance for Automotive Innovation, Natural Resources Defense Council, Street Journal, General Motors, California's EV, it's Locations: China, California, New York, Washington, DC, Washington ,, Michigan, Pennsylvania, It's China, it's Europe

☆ Rep. Ro Khanna: Excluding Tesla and Elon Musk from California's EV tax credits is 'just foolish'
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Ro Khanna: Excluding Tesla and Elon Musk from California's EV tax credits is 'just foolish'Rep. Ro Khanna (D-Calif.) joins 'Squawk Box' to discuss news of Tesla buyers potentially being excluded from California's new EV tax credits proposal, why he believes the move is 'foolish', and more.

Persons: Ro Khanna, Elon Musk Organizations: Tesla

☆ California proposes its own EV buyer credit — which could cut out Elon Musk's Tesla
▼ + stars: | 2024-11-26 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Gavin Newsom plans to revive California's EV rebate if Trump ends the federal tax credit. Tesla sales in California, the US's largest EV market, have recently declined even as overall EV sales in the state have grown. Elon Musk, who has expressed support for ending the federal tax credit, said in an X post it was "insane" for the California proposal exclude Tesla. The federal electric vehicle tax credit, which was passed as part of the Biden administration's Inflation Reduction Act in 2022, provides a $7,500 tax credit to some EV buyers. The Tesla CEO said on an earnings call in July that ending the federal tax credit might actually benefit the company.

Persons: Gavin Newsom, Tesla, Elon Musk, Donald Trump, Newsom, Trump, He's, Musk, Graham Rapier, — Organizations: Trump, California Gov, Trump Administration, Reduction Fund, Bloomberg News, Business, Car Dealers, EV, Hyundai, BMW, Biden, Department of Government Locations: California, Trump's

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