{"id":45282,"date":"2025-01-23T05:25:00","date_gmt":"2025-01-23T10:25:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=45282"},"modified":"2025-01-23T06:23:33","modified_gmt":"2025-01-23T11:23:33","slug":"trump-reverses-electric-vehicle-incentive-policies","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/trump-reverses-electric-vehicle-incentive-policies\/","title":{"rendered":"Trump Reverses Electric Vehicle Incentive Policies"},"content":{"rendered":"\n<p>As feared, the arrival of <strong>Donald Trump<\/strong> at the White House has begun to roll back fiscal incentive policies for <strong>electromobility<\/strong>, approved by former President <strong>Joe Biden<\/strong>.<\/p>\n\n\n\n<p>A <strong>presidential decree<\/strong> signed after his inauguration seeks to bring <strong>combustion engines<\/strong> back to the forefront and suspend <strong>federal subsidies<\/strong> for installing <strong>electric vehicle<\/strong> charging stations in the <strong>United States<\/strong>.<\/p>\n\n\n\n<p><strong>You may also read:<\/strong> <a href=\"https:\/\/latamobility.com\/en\/vemo-and-gac-advance-electric-mobility-development-in-mexico\/\">VEMO and GAC Advance Electric Mobility Development in Mexico<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2025\/01\/BYD-3-1024x572-1-2.jpg\" alt=\"\" class=\"wp-image-45278\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2025\/01\/BYD-3-1024x572-1-2.jpg 1024w, https:\/\/latamobility.com\/wp-content\/uploads\/2025\/01\/BYD-3-1024x572-1-2-300x168.jpg 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2025\/01\/BYD-3-1024x572-1-2-768x429.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-other-measures-could-follow\">Other Measures Could Follow<\/h3>\n\n\n\n<p>Such as eliminating a <strong>federal tax credit<\/strong> for those purchasing an <strong>electric vehicle<\/strong>, or revoking an exemption that allows the state of <strong>California<\/strong> to enforce stricter automotive standards than the rest of the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-change-of-vision\">Change of Vision<\/h3>\n\n\n\n<p><strong>Trump<\/strong> stated upon taking office that he intends to end the &#8220;<strong>Green New Deal<\/strong>,&#8221; an initiative that includes the incentives promoted by <strong>Biden<\/strong> to boost <strong>electric vehicle<\/strong> sales.<\/p>\n\n\n\n<p>Shares of electric car manufacturers like <strong>Rivian<\/strong> and charging equipment makers like <strong>EVgo<\/strong> dropped in the stock market. <strong>Tesla<\/strong>, owned by billionaire <strong>Elon Musk<\/strong>, a close ally of <strong>Trump<\/strong>, also lost ground.<\/p>\n\n\n\n<p>The <strong>Alliance for Automotive Innovation<\/strong>, which sought to preserve the current legislation for the sector, reiterated its criticism, particularly regarding <strong>California<\/strong>, but did not comment on the <strong>presidential decree<\/strong>.<\/p>\n\n\n\n<p>&#8220;The country should have a single, national standard to reduce <strong>greenhouse gas emissions<\/strong> in transportation,&#8221; said <strong>John Bozzella<\/strong>, president of the <strong>Alliance<\/strong>, in a statement.<\/p>\n\n\n\n<p>Manufacturers revised their <strong>electric vehicle<\/strong> projects downward, in some cases starting at the end of <strong>2023<\/strong>, due to weak demand. Less than <strong>6%<\/strong> of total vehicle sales are electric.<\/p>\n\n\n\n<p>Sales of <strong>electric vehicles<\/strong> rose <strong>7.3%<\/strong> year-over-year to <strong>1.3 million units<\/strong> in <strong>2024<\/strong>, according to automotive industry specialist <strong>Kelley Blue Book<\/strong>. Sales growth was seen across all price segments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As feared, the arrival of Donald Trump at the White House has begun to roll back fiscal incentive policies for electromobility, approved by former President Joe Biden. A presidential decree signed after his inauguration seeks to bring combustion engines back to the forefront and suspend federal subsidies for installing electric vehicle charging stations in the&#8230;<\/p>\n","protected":false},"author":8,"featured_media":45276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[2054],"tags":[1564,1281,1489],"class_list":["post-45282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-electric-cars","tag-electric-mobility","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Reverses Electric Vehicle Incentive Policies - 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