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Trump can’t stop America from building cheap EVs

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22.08.2025
Ford President and CEO Jim Farley speaks at Louisville Assembly Plant as the company shares its plans to design and assemble breakthrough electric vehicles in America on August 11, 2025.

President Donald Trump has made no secret of his disdain for electric vehicles and is slamming the brakes on government incentives to get them into more driveways.

He’s been working to undo policies that promote clean technologies while increasing support for coal, oil, and natural gas. In particular, Trump has been working to reverse or halt programs under the Inflation Reduction Act, the single largest US government investment to deal with climate change, signed into law by his predecessor, Joe Biden.

Under Trump’s One Big Beautiful Bill, the $7,500 federal tax credit for buying a new electric car, along with a $4,000 credit for used EVs and $40,000 for commercial EVs, is set to expire on September 30.

Those moves may have contributed to Trump’s messy split with Elon Musk, CEO of electric carmaker Tesla and former head of the Department of Government Efficiency.

“Elon was ‘wearing thin,’ I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” Trump posted on Truth Social in June.

More than 90 percent of new cars sold in the US are still gasoline-powered, and EV sales have recently seen a slowdown in the US following a years-long growth spurt. The looming rollback of federal incentives, along with inflation concerns, rising manufacturing costs from tariffs, and increasing competition over raw materials, have led carmakers to cut back on many of the enticements that have made electric cars a better buy.

Many car dealers have also been struggling to move EVs off their lots as customers remain worried about charging infrastructure and cost.

But despite all of these challenges, the popularity of EVs in the US is still growing, and some US automakers remain committed to running on electrons. And in other countries, EVs are racing ahead. More than half of new cars sold in China are electric or hybrids, backed by generous government subsidies. People clearly are willing to drive EVs — at the right price.

Last week, Ford announced that it was pouring $5 billion into building a new EV platform — a chassis and drivetrain for a suite of........

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