If the Trump administration canceled the Federal Tax Credit EV, it may have a devastating effect on American manufacturing, warning a new study.
The study produced by The Recept Project, the Brenston University group that analyzes environmental policy, has found that killing tax credit of $ 7,500 would reduce the demand for EV, as well as exposing manufacturing functions associated with making those vehicles and batteries that they are working on.
“The report is also the only analysis that has realized it so far and that also draws American manufacturing contact,” Jesse de Jinkins, assistant professor at Princeton and leader of the study project, told Electrek in an e -mail statement.
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Without tax credit, researchers estimate that EV sales in the United States may decrease by 30 % by 2027 and about 40 % by 2030. This may reduce the expected market share of EV from 18 % to 13 % in 2026 and from 40 % to 24 % in 2030, according to the study.
Such a slowdown can lead to 100 % of the planned expansions of the United States assembly stations that are canceled, and can make 29 % to 72 % of the manufacturing capacity of American batteries exacerbating the need, according to the study. Factories And based on the distribution of manufacturing projects related to the current EV, red cases can reach the most difficult.
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Addressing credit analysts have seen it vital for the continued growth of EV sales to the United States. Among the trends that led the S&P Global Mobility, in 2023, would expect that the US sales may exceed twice by 2030. But the Trump administration is expected to target, just as it was targeting other Biden administration policies related to infrastructure technology.
The potential loss of tax credit and other Trump policies have led to a review of the fragmentation trade forecast in the EV market in the market this year, by 9.1 % of the retail market in the United States, but with the growth of this year after this year to 26 % of the market by 2030. Given the market growth of the expected market models in the market outside the brands of EV such as Tesla, and Rivian, Lucid, can still 3 % sales.
