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Trump revokes Biden 50% EV target, freezes unspent charging funds

www.reuters.com

WASHINGTON, Jan 20 (Reuters) – U.S. President Donald Trump on Monday took aim at electric vehicles, revoking a 2021 executive order signed by his predecessor Joe Biden that sought to ensure half of all new vehicles sold in the United States by 2030 were electric.

Biden’s 50% target, which was not legally binding, had won the support of U.S. and foreign automakers.

Trump said in an executive order he was halting distribution of unspent government funds for vehicle charging stations from a $5 billion fund, called for ending a waiver for states to adopt zero emission vehicle rules by 2035 and said his administration would consider ending EV tax credits.

Read Full Article Here…(reuters.com)


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