Uncertainty over President-elect Donald Trump’s plans for federal tax credits and loan programs supporting American electric vehicle manufacturing could stall Tennessee’s fast-growing electric vehicle and clean energy industries,

The federal EV tax credit —known as 30D among policy wonks—has been around in one form or another since the George W. Bush administration. The current version, passed as part of the Inflation Reduction Act in 2022, provides an up-to-$7,500 upfront discount for the purchase of eligible electric and plug-in hybrid vehicles.

Tax credits intended to encourage more people to buy American-made electric vehicles might be unplugged soon after President-elect Donald Trump reenters the White House, according to a Thursday report from Reuters.