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President Joe Biden and Secretary Pete Buttigieg celebrated a round of grants for transportation projects to help mark the third anniversary of the Infrastructure Investment and Jobs Act.
Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration.
Still, because EVs account for a small percentage of new car sales, removing the credit would have little impact on gasoline demand.
President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.