May. 13 at 4:22 PM
Rumour: Former President Trump has reportedly told oil execs that he will end electric car incentives if they contribute
$1B to his election campaign in a meeting at Tump’s Mar-a-Lago Club last month
He specifically mentioned rolling back policies on EVs & wind energy
Recall, he has repeatedly calls climate change a “hoax”
Likely target will be the Inflation Reduction Act, the landmark
$370B bill laden w/ support for clean energy projects & EV industry - the legislation was signed by Biden in 2022 w/ no Republican votes. Additionally, likely to water down or scrap EPA pollution rules
Amusingly, the IRA disproportionally brought funding & jobs in solar, wind & battery manufacturing to Republican districts
In recent rallies, he has called renewable energy “a scam business” & vowed to “drill, baby, drill”
Many are expecting a 2nd Trump term would be more ideologically extreme than the first, w/ fewer restraints
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