Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • November
  • 21
  • Automakers urge Trump to preserve EV tax credits, boost self-driving cars
  • Business

Automakers urge Trump to preserve EV tax credits, boost self-driving cars

Bull Bear Daily November 21, 2024
2024-11-21T194904Z_1_LYNXMPEKAK0WG_RTROPTP_4_USA-ENERGY

By David Shepardson

WASHINGTON (Reuters) – A group representing major automakers including General Motors, Toyota Motor Corp, and Volkswagen urged President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars.

The Alliance for Automotive Innovation in a previously unreported Nov. 12 letter to Trump also raised concerns about vehicle emissions rules citing “federal and state emissions regulations (particularly in California and affiliated states) that are out-of-step with current auto market realities and increase costs for consumers.”

The automakers did not specify how they want the rules revised but said they support “reasonable and achievable” emissions regulations. The Trump transition team did not immediately comment.

The letter, signed by the group’s CEO John Bozzella, said automakers face unfair competition “from heavily subsidized electric vehicles and technologies exported from China” and also noted that China was implementing a regulatory framework to support deployment of self-driving vehicles.

The group also asked Trump to reconsider rules finalized in April requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The group earlier said the rules are “practically impossible with available technologies.”

Last week, Reuters reported that Trump’s transition team wants to kill the $7,500 consumer tax credit for electric-vehicle purchases – a move that would likely slow an already stalling U.S. EV transition.

This week, Reuters reported Trump transition team plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivize a shift toward EVs.

The move appears aimed at satisfying a Trump campaign promise to “end the EV mandate,” and would mirror a similar move during the first Trump administration to rollback Obama-era vehicle-efficiency rules.

Although no such “EV mandate” exists, the Biden administration regulations would effectively require automakers to shift at least 35% of production to EVs in order to meet 2032 requirements, and encourage a gradual phase-out of the production of vehicles that run on fossil fuels.

(Reporting by David Shepardson; Editing by Chris Reese and Andrea Ricci)

About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: Exclusive-Amazon likely to face investigation under EU tech rules next year, sources say
Next: Nvidia’s supply snags limit deliveries even as demand booms

Related Stories

2025-08-22T130058Z_1_LYNXMPEL7L0IA_RTROPTP_4_EU-RUSSIA-FERTILISER-1
  • Business
  • Economy

European farmers facing higher costs after EU tariffs on Russian fertiliser imports

Bull Bear Daily August 22, 2025 0
2025-08-20T121336Z_1_LYNXMPEL7J0J7_RTROPTP_4_HERTZ-RESULTS
  • Business

Hertz partners with Amazon Autos to sell used vehicles online

Bull Bear Daily August 21, 2025 0
2025-08-21T204642Z_1_LYNXMPEL7K0XF_RTROPTP_4_ZOOM-RESULTS-1
  • Business

Zoom Communications lifts annual forecasts on robust demand for AI tools

Bull Bear Daily August 21, 2025 0

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Indonesians climb over logs in walk to aid centre as flood deaths exceed 900
  • Google executive sees AI search as expansion for web
  • Congo fighting flares within hours of Trump’s peace deal ceremony
  • Chinese-linked hackers use back door for potential ‘sabotage,’ US and Canada say
  • Aeva shares soar after deal with European automaker 

You may have missed

  • Newsletters

Indonesians climb over logs in walk to aid centre as flood deaths exceed 900

Bull Bear Daily December 7, 2025 0
  • Newsletters

Google executive sees AI search as expansion for web

Bull Bear Daily December 6, 2025 0
  • Newsletters

Congo fighting flares within hours of Trump’s peace deal ceremony

Bull Bear Daily December 6, 2025 0
  • Newsletters

Chinese-linked hackers use back door for potential ‘sabotage,’ US and Canada say

Bull Bear Daily December 6, 2025 0
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Bull Bear Daily | bullbeardaily.com