{"id":134124,"date":"2024-11-21T21:15:49","date_gmt":"2024-11-21T21:15:49","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/11\/21\/automakers-plead-with-trump-dont-kill-the-ev-tax-credit\/"},"modified":"2024-11-21T21:15:49","modified_gmt":"2024-11-21T21:15:49","slug":"automakers-plead-with-trump-dont-kill-the-ev-tax-credit","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/11\/21\/automakers-plead-with-trump-dont-kill-the-ev-tax-credit\/","title":{"rendered":"Automakers plead with Trump: don\u2019t kill the EV tax credit"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The auto industry is sending an urgent message to President-elect Donald Trump: spare the <a href=\"https:\/\/www.theverge.com\/2023\/4\/20\/23691597\/ev-tax-credit-eligible-vehicles-battery-irs-china\" target=\"_blank\" rel=\"noopener\">$7,500 electric vehicle tax credit<\/a>. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">In a November 14th letter to Trump and his transition team, the auto industry\u2019s main lobbying group urges the new administration to preserve incentives for EV buyers and manufacturers that were enacted under President Joe Biden, arguing these policies keep the US competitive globally while also creating \u201cgood jobs.\u201d <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The Alliance for Automotive Innovation, which represents the Big Three automakers \u2014 Ford, General Motors, and Stellantis \u2014 as well as foreign car companies that sell in the US, are calling on Trump to \u201cpromote stability and predictability in auto-related emissions standards.\u201d But at the same time, the group endorsed \u201creasonable and achievable emissions regulations,\u201d suggesting that there may be some wiggle room for a partial rollback of Biden\u2019s tailpipe rules. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component clear-both block md:float-left md:mr-30 md:w-[320px] lg:-ml-100\">\n<div class=\"duet--article--article-pullquote mb-20\">\n<p class=\"duet--article--dangerously-set-cms-markup relative bg-repeating-lines-dark bg-[length:1px_1.2em] pb-8 font-polysans text-28 font-medium leading-120 tracking-1 selection:bg-franklin-20  dark:bg-repeating-lines-light dark:text-white dark:selection:bg-blurple\">Calling on Trump to \u201cpromote stability and predictability\u201d<\/p>\n<\/div>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Of course, expecting that Trump will promote stability and predictability while in office seems woefully optimistic \u2014 and perhaps disconnected from reality. Trump has said bluntly many times what he intends to do when he assumes office, and stability and predictability don\u2019t seem like they\u2019re on the menu. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">During his campaign, Trump railed against Biden\u2019s policies incentivizing EV purchases, promising to <a href=\"https:\/\/www.theverge.com\/2024\/11\/6\/24289494\/trump-election-electric-vehicle-tax-credit-tesla-elon-musk\" target=\"_blank\" rel=\"noopener\">eliminate the \u201cEV mandate\u201d on day one<\/a> of his presidency. And since his victory, his transition team has discussed how to go about <a href=\"https:\/\/www.theverge.com\/2024\/11\/14\/24296723\/tesla-reportedly-supports-canceling-the-7500-ev-tax-credit\" target=\"_blank\" rel=\"noopener\">killing the EV tax credit<\/a>, among other incentives. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component clear-both block\">\n<div class=\"duet--article--dangerously-set-cms-markup my-40\">\n<p style=\" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\">   <a title=\"View Alliance for Automotive Innovation - Letter to President Donald Trump (November 2024) on Scribd\" href=\"https:\/\/www.scribd.com\/document\/795318318\/Alliance-for-Automotive-Innovation-Letter-to-President-Donald-Trump-November-2024#from_embed\" style=\"text-decoration: underline;\" target=\"_blank\" rel=\"noopener\">Alliance for Automotive Innovation &#8211; Letter to President Donald Trump (November 2024)<\/a> by <a title=\"View ahawkins8223&#039;s profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/112638498\/ahawkins8223#from_embed\" style=\"text-decoration: underline;\" target=\"_blank\" rel=\"noopener\">ahawkins8223<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"Alliance for Automotive Innovation - Letter to President Donald Trump (November 2024)\" src=\"https:\/\/www.scribd.com\/embeds\/795318318\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-D7MfAyh71b1tWWDtcRiO\" data-auto-height=\"false\" data-aspect-ratio=\"0.75\" scrolling=\"no\" id=\"doc_96608\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe><\/div>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Also on the chopping block are <a href=\"https:\/\/www.theverge.com\/2024\/3\/20\/24106638\/biden-epa-vehicle-emissions-final-standards-electric-hybrid\" target=\"_blank\" rel=\"noopener\">newly finalized Environmental Protection Agency rules<\/a> requiring automakers to slash carbon emissions by 2032, primarily by selling more EVs. This is another way Trump could unravel his predecessor\u2019s environmental legacy, and one that is familiar to him. During his first term, Trump rolled back emissions standards put in place by President Barack Obama \u2014 and now appears poised to do it again with Biden\u2019s mandates. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">John Bozzella, president and CEO of the alliance, didn\u2019t oppose Biden\u2019s efforts to impose stricter tailpipe rules on automakers, although he did call some of the thresholds \u201cstretch goals.\u201d Now, in his letter to Trump, he is calling for \u201creasonable and achievable federal and state emissions regulations aligned with current market realities that support a customer\u2019s ability to purchase a vehicle that meets their individual needs.\u201d<\/p>\n<\/div>\n<div class=\"duet--article--article-body-component clear-both block md:float-left md:mr-30 md:w-[320px] lg:-ml-100\">\n<div class=\"duet--article--article-pullquote mb-20\">\n<p class=\"duet--article--dangerously-set-cms-markup relative bg-repeating-lines-dark bg-[length:1px_1.2em] pb-8 font-polysans text-28 font-medium leading-120 tracking-1 selection:bg-franklin-20  dark:bg-repeating-lines-light dark:text-white dark:selection:bg-blurple\">Also on the chopping block are newly finalized EPA rules requiring automakers to slash carbon emissions by 2032<\/p>\n<\/div>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">That could be viewed in a number of ways. \u201cStability and predictability\u201d suggests that automakers are tired of EPA standards being rolled back and forward, and used as a political football. But \u201creasonable and achievable\u201d implies that Bozzella and his member companies are fine with kicking the can down the road and pushing out the deadlines for achieving certain emissions targets. In other words, wiggle room. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Bozzella also endorsed a federal regulatory framework for autonomous vehicles, which has <a href=\"https:\/\/www.theverge.com\/2023\/7\/27\/23809784\/av-congress-hearing-legislation-stalled-china-liability\" target=\"_blank\" rel=\"noopener\">long been elusive in the nation\u2019s capital<\/a>. Trump\u2019s transition team is reportedly discussing the passage of a regulatory framework that would result in more driverless cars on the road. Tesla CEO Elon Musk, a mega-donor to Trump and self-proclaimed \u201cfirst buddy,\u201d would stand to benefit enormously from such a move given his intention to sell <a href=\"https:\/\/www.theverge.com\/2024\/10\/10\/24265530\/tesla-robotaxi-elon-musk-features-range-price-release-date\" target=\"_blank\" rel=\"noopener\">steering wheel-less and pedal-less Cybercabs in 2026<\/a>. The US will need a framework for AV deployment if it\u2019s to remain competitive with China, Bozzella said in the letter. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The letter is also notable for its flattery of Trump. Bozzella congratulates him on his victory and professes to agree with him that consumers should be able to choose their own vehicle, playing into the false claim that Biden and Kamala Harris were trying to require Americans to purchase EVs. And he commends him for recognizing and acknowledging the enormous headwinds facing the industry. <\/p>\n<\/div>\n<div class=\"duet--article--article-body-component\">\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">All in all, the letter is what you would expect from the industry following Trump\u2019s victory: a plea to be careful when slashing and burning through Biden\u2019s regulatory legacy; a statement of shared values and alignment with Trump\u2019s MAGA ethos and that of his allies; and above all, a lot of flattery. <\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2024\/11\/21\/24302592\/trump-ev-tax-credit-auto-alliance-av-framework\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The auto industry is sending an urgent message to President-elect Donald Trump: spare the $7,500 electric vehicle tax credit. In a November 14th letter to Trump and his transition team, the auto industry\u2019s main lobbying group urges the new administration to preserve incentives for EV buyers and manufacturers that were enacted under President Joe Biden, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":134125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-134124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/134124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=134124"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/134124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/134125"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=134124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=134124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=134124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}