January 21st, 2025

Trump signs executive order to reverse Biden's electric vehicle policies

Donald Trump signed an executive order to reverse Biden's electric vehicle policies, weaken emissions standards, eliminate EV tax credits, and halt charging infrastructure funding, raising climate change concerns.

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Trump signs executive order to reverse Biden's electric vehicle policies

Donald Trump has signed an executive order aimed at reversing the electric vehicle (EV) policies established by the Biden administration, which he has inaccurately referred to as a "mandate." This order includes plans to weaken tailpipe emission standards, potentially increasing greenhouse gas emissions. Trump declared a "national energy emergency" to facilitate the rollback of environmental regulations, allowing corporations greater leeway in pollution. His administration intends to eliminate federal tax credits for EV purchases and halt funding for EV charging infrastructure, which was previously allocated through the Inflation Reduction Act and the Infrastructure Investment and Jobs Act. Trump’s actions are part of a broader strategy to promote consumer choice in vehicles and reduce regulatory barriers, particularly targeting state emissions waivers that limit gasoline-powered vehicle sales. Despite these changes, the auto industry has invested heavily in EV development, and sales have shown a modest increase. Trump also indicated a focus on ramping up mining for rare earth minerals, essential for various technologies, including EVs. The transportation sector is responsible for a significant portion of U.S. greenhouse gas emissions, and loosening regulations could exacerbate climate change issues.

- Trump signed an executive order to reverse Biden's EV policies and weaken tailpipe emissions standards.

- The order aims to eliminate federal tax credits for EVs and halt funding for charging infrastructure.

- Trump's actions are framed as promoting consumer choice and reducing regulatory burdens.

- The auto industry continues to invest in EV development despite potential policy changes.

- Transportation accounts for about 28% of U.S. greenhouse gas emissions, raising concerns about climate impact.

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By @ggm - 3 months
Again, I understand that in the short term Musk is fine with this. But I continue to wonder, how can Tesla as a corporate entity, be fine with initiatives which will hurt them, even if they hurt their opposition too?

This is my appeal to naked greed: How can this be "good" for an EV manufacturer, to have a lead shareholder poison the well they drink in and live by?

I don't get it.