Trump's Proposal to Eliminate EV Tax Credit Causes Rivian and Tesla Stocks to Plummet

The electric vehicle market faced significant turbulence as shares of major manufacturers like Rivian and Tesla dipped sharply following reports that former President Donald Trump is considering plans to abolish the federal electric vehicle (EV) tax credit. This potential policy shift has sent shockwaves through the industry, with analysts and investors closely monitoring the implications for EV sales and the broader transition to sustainable transportation.

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