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Trump's administration has signaled the cessation of the $7,500 federal Clean Vehicle tax credit coupled with increased tariffs on automotive imports. These decisions could significantly hinder electric vehicle sales, particularly as the industry continues to navigate its growth phase in the United States.
While the debate surrounding EV subsidies intensifies, some experts argue that a level playing field would require substantial government investments in electric vehicles approximating trillions of dollars, much like the financial support provided to fossil fuels over the decades. There is a clear disparity in historical government support, leading many to believe that the eradication of EV incentives may disproportionately hamper electric vehicle sales.