Awaiting Trump, US auto execs further temper EV push

US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives.

Donald Trump’s transition officials have discussed killing a $7,500 tax credit for electric vehicles, according to US media. The EV tax credit was included in President Joe Biden’s flagship climate change law, the 2022 Inflation Reduction Act.