“One of President-elect Trump’s signature campaign issues was to orient manufacturing back to the United States,” said Nick Nigro, founder of the research firm Atlas Public Policy. “And it’s kind of counterintuitive, but the consumer EV credit — 30D — is a really important incentive to achieve that goal.”
In an August report, Atlas Public Policy tracked nearly $1.2 trillion in global investment in the transition from fossil-fueled vehicles to battery-electric. Of this total, $312 billion is expected to be invested in U.S. manufacturing, with about $223 billion already committed.
The impact of repealing the 30D credit on those investments is “uncertain, but it’s going to be negative,” he said. “That will lead to delay or cancellation of some of those investments, or perhaps the shrinking of them. And that could have a material effect on jobs.”
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