EV companies, battery makers urge Trump not to kill vehicle tax credits

Panasonic Holdings

15/11/2024 18:03

WASHINGTON, Nov 15 (Reuters) - A group representing
major electric vehicle and battery manufacturers on Friday urged
President-elect Donald Trump not to kill tax credits for
electric vehicle sales and production, citing the impact on key
states that voted for the Republican.
    The Zero Emission Transportation Association, whose members
include Rivian  RIVN.O  LG  373220.KS , Tesla  TSLA.O , Uber
 UBER.N , Lucid  LCID.O  and Panasonic  6752.T , said production
tax credits have driven enormous job in states like Ohio,
Kentucky, Michigan, and Georgia, and warned killing those
production and consume tax credits would undercut those
investments and hurt American job growth. Reuters reported on
Thursday the Trump transition team wants to kill the $7,500
consumer tax credit for electric-vehicle purchases, citing
sources.

 (Reporting by David Shepardson)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))