Granholm warns that cutting EV tax credits would be ‘ceding’ to China

Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles would benefit China. “You eliminate these credits, and what do you do? You end up ceding the territory to other countries, particularly China,” Granholm told reporters at the COP29 global climate summit in Baku, Azerbaijan. “If we…