Sec. Granholm: China Will Benefit if Trump Ends EV Tax Credit

EXCERPT:

GRANHOLM: "Let me just say it would be so counterproductive to get rid of — you know, we look at the EV transition in a holistic way. So, we provide a consumer credit to create demand. We’re providing supply side assistance for the supply chain for building out the electric vehicle and the battery and the guts to the battery. So, you eliminate these credits, and what do you do? You end up ceding the territory to other countries, particularly China, who I know is obviously an economic competitor. If you want to diversify your economic mix, you don’t take away the ability to compete globally by building at home, and that means the full supply chain. So, it is my hope that members of Congress who have written letters in support of keeping these incentives will be strong in saying, 'Yes, I’ve got battery firms that are opening up in my district. I’ve got people who are now buying electric vehicles made in the United States, stamped 'Made in the United States,' the critical minerals being extracted and processed in United States for those batteries. Those are all job opportunities. So if we want to stand by and watch offshoring again and cede this territory, then we don’t have an industrial strategy. But if we want to compete, which we're doing and we’re doing successfully, then we keep these incentives in place."