Trump's Threat to EV Tax Credits Faces Industry Resilience

Despite Donald Trump's threats to eliminate EV tax credits, the auto industry continues its commitment to electric vehicle development with significant investments.

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A summary of the key points of this story verified across multiple sources.

As President-elect Trump threatens to eliminate federal tax credits for electric vehicle buyers, the auto industry remains committed to transitioning from gasoline vehicles, having invested over $160 billion in EV development since 2021. Experts warn that rescinding the credits may slow EV adoption, impacting sales and factory investments. Trump argues a rapid shift to EVs could lead to manufacturing in China, while economists dispute this claim. Industry leaders assert their long-term strategies for EV production will continue regardless of Trump's policies.

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