TechFlow reported on November 15 that Reuters reported that the transition team of US President-elect Trump plans to end the $7,500 electric vehicle tax credit policy. Tesla CEO Musk expressed support for this and called for the cancellation of all government subsidies, including electric vehicles, fuel vehicles and natural gas vehicles.

According to people familiar with the matter, the energy policy transition team led by oil tycoon Harold Hamm is discussing the repeal of this landmark measure of the Biden administration's inflation reduction bill. Tesla has expressed support for the termination of subsidies to the Trump transition committee. Musk previously said that the cancellation of subsidies may slightly affect Tesla's sales, but it will be a "devastating" blow to its US electric vehicle competitors.