British Columbia has eliminated government subsidies for Tesla chargers, citing a preference for Canadian goods and targeting Elon Musk’s support for Donald Trump. The decision excludes Tesla from rebates covering up to 50% of home charger installation costs, while other US brands remain eligible. Premier David Eby stated the move is specifically aimed at Musk, due to public opposition to taxpayer funds benefiting him. Tesla’s stock has already fallen significantly amidst weakening European sales and increased competition.
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Just before Canada’s electric vehicle subsidy program ended, Tesla sold over 8,600 vehicles in three days across four stores, claiming over $43.1 million in rebates—more than half the remaining funds. This extraordinary sales surge, averaging one car sold per minute across all locations, has raised serious concerns among rival dealerships who were left without access to the remaining rebates. The unusually high sales volume, coinciding with Tesla’s recent sales slump in Canada, has prompted investigations into potential irregularities in the rebate claim process. Dealers are now facing significant financial losses due to unprocessed rebate claims.
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Donald Trump’s administration is actively dismantling incentives for electric vehicles, including a key $7,500 tax credit, potentially causing a 27 percent drop in EV sales. This policy, surprisingly supported by Tesla CEO Elon Musk, would disproportionately impact Tesla’s competitors while potentially benefiting Tesla’s market dominance. However, even Tesla would experience negative consequences, such as reduced carbon credit sales. Musk’s shift towards supporting Trump’s agenda, despite his previous climate advocacy, raises concerns about his motivations and the future of US climate policy.
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The incoming Trump administration plans a sweeping rollback of electric vehicle (EV) policies, including eliminating EV subsidies and reclaiming federal funding for charging infrastructure. Further, the administration intends to block EV battery imports using national security as justification and prohibit federal and military EV purchases. This strategy aims to reverse current fuel efficiency standards, increasing allowable emissions by roughly 25 percent, and will likely involve increased tariffs on EV components globally. These actions directly contradict existing initiatives like the Inflation Reduction Act and California’s zero-emission vehicle mandate.
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John Q. Hosedrinker