Automakers Propose Gradual Phase-Out to Protect Jobs
It’s not immediately clear if Trump is receptive to the idea. (Kent Nishimura/Bloomberg News)
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Automakers are lobbying against Washington lawmakers ending popular electric-vehicle tax credits that President Donald Trump has railed against, pushing instead for a gradual phase-out over several years.
General Motors Co. and Ford Motor Co. are among the carmakers and industry lobbying groups making pilgrimages to the Hill to ask the Trump administration and Republican legislators to preserve some EV incentives in the Inflation Reduction Act passed under Joe Biden, according to people familiar with the effort who weren’t authorized to speak publicly on the matter.
Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses, these people said. …
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