Granholm: Musk Engaging in This Fight Will Further Cement Trump’s Potential Desire to Take Away EV Credits

EXCERPT:

GRANHOLM: “And I am worried about, you know, the tax credits. And I know they’re not in the House bill, but I also know that if you take away the demand side incentives for people to purchase electric vehicles — and remember, these tax credits were pegged to income, so it’s not like a bunch of wealthy people [inaudible] were coming to the United States to be successful. The projections are that taking away those credits will reduce the EV sales by 40%, and that means all the batteries that we’re building out in anticipation of [inaudible]. That, again, is benefiting our economic adversaries rather than building up this capability in the United States. So my worry is that engaging for Mr. Musk, engaging in this fight in a way that is counterproductive will further cement many in Congress', and the president's, potentially, desire to take away those credits."