President-elect Trump's transition team is aiming to scrap the tax credit for purchasing electric vehicles enacted during the Biden administration, Reuters reports.

Despite the expected hit to EV sales, Trump’s plan to end the incentive has received the blessings of representatives from Tesla, the best-selling EV maker in the U.S., sources quoted in the Reuters report say. Tesla CEO Elon Musk was recently appointed by the incoming administration to lead a newly-created “Department of Government Efficiency”.