President-elect Trump they are expected to trigger many of the green initiatives pushed by President Biden when he returns to the White House, including rules aimed at incentivizing the production and purchase of electric vehicles (EVs).

As for the purchase, Trump’s transition team is already looking to get rid of it the $7,500 tax credit for the purchase or lease of certain plug-in hybrid and electric vehicle models that was passed as part of Biden’s 2022 Inflation Reduction Act.

President Biden drives the electric Ford F-150 Lightning at the Ford Dearborn Development Center in Dearborn, Michigan on May 18, 2021. (Nicholas Kamm/Getty Images)

Dropping the federal subsidy is seen as having the greatest potential impact on consumers who want to buy an electric vehicle or may be considering buying one.

“The EV tax credit was intended to make electric vehicles more affordable for the average consumer and they have,” said Scott Kunes, COO of Kunes Auto & RV Group. “We’ve seen electric vehicle sales and leases increase significantly as a direct result of the federal tax incentives. Their repeal would put these vehicles back out of reach for the average consumer.”

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Shawn McLaughlin, CEO of Emporia Energy, said FOX business this industry research shows that the majority of current EV owners were motivated to make the switch because it was their way of doing their part to help the environment.

A driver plugs in a Tesla electric vehicle for charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. (Photo by PATRICK T. FALLON/AFP via Getty Images/Getty Images)

He argues that to continue the growth in EV adoption, the auto industry needs to attract new buyers who are more price-sensitive.

“A rollback in government support and incentives for Adoption of EVs will slow EV sales growth over the next two years by making the current EV offering less price competitive,” McLaughlin said.

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Still, even if the tax credit is ruled out, the market will adapt to meet the needs of EV customers.

“With improvements in battery technology and manufacturing, the unsubsidized cost of electric vehicles will reach cost parity with ICE vehicles by 2026-2027, which will begin to attract more cost-sensitive buyers regardless of the federal tax credit for electric vehicles,” McLaughlin added.

Kreg Peeler, the founder and CEO of EVject, an independent electric vehicle charging connector, agrees, but predicts a massive shift in the automobile industry this will make the EV tax credit discussion moot.

“For the next 10 years, it won’t matter what consumers think about electric vehicles,” Peeler told FOX Business. “It’s the AVs (autonomous vehicles) that are winning.”

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“As full autonomy develops, car buyers will no longer be the drivers. Fleets will become mainstream,” he predicts. “Most commuters will pay for their trips by the mile or minute and won’t buy their own vehicle.”