Trump revoked Biden’s goal of having EVs comprise half of new vehicle sales by 2030. He may also seek to repeal the $7,500 tax credit for new EV purchases, introduced in the 2022 Inflation Reduction Act.
Stock Price Collapse
Once a high-flying stock, Nikola’s share price fell below $2 late last year and plummeted an additional 40% following its bankruptcy announcement.
The company’s future remains uncertain as it navigates the complexities of legal proceedings, financial struggles, and an evolving EV market.
