Reuters is reporting that President-elect Donald Trump’s transition team is weighing the elimination of the $7,500 tax credit for buyers of electric vehicles. The tax credits were created by the Biden administration,

On the other hand, proponents of ending the tax credit, including some Republican lawmakers, argue that the market should determine the success of EVs without government intervention. This perspective stems from Tesla's established market dominance and ability to produce EVs at a lower cost than many of its rivals.