<ul><li>EV stocks fell on Wednesday after a report said President-elect Trump plans to cut EV tax credits.</li><li>According to a report from Reuters, Trump's transition team has drawn up plans to end the $7,500 consumer tax credit for electric vehicle sales.</li><li>Ending the tax credit would likely hurt EV sales, but Tesla representatives supported ending the subsidy.</li><li>Other pieces of the Inflation Reduction Act could be hard to roll back, as the money for many programs has already been distributed.</li></ul>

EV makers slide on report Trump wants to scrap EV tax credit

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