TRUMP TRANSITION TEAM PLANS BROAD ANTI-EV AND ANTI-CHINA POLICY CHANGES -DOCUMENT
🔸 Trump plans to cut EV support, impose tariffs on battery materials
🔸 Proposals aim to boost U.S. production, redirect funds to national defense
🔸 Transition team suggests rolling back emissions standards, blocking California’s stricter rules
Cutting government EV support could also hurt sales of Elon Musk’s $TSLA, the dominant U.S. EV seller. But Musk, who spent more than a quarter-billion dollars helping to elect Trump, has said that losing subsidies would hurt rivals more than Tesla.