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Donald Trump Reportedly Offers Oil Execs End To EV Incentives For $1 Billion In Donations

The outcome of the upcoming American presidential election could have a huge impact, one way or another, for many business sectors relation to EVs, natural gas and those related to the environment

Andrew Martin
3 min readMay 12, 2024

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Politicians set agendas and platforms, which they use to attract voters and get elected. These promises they make, and whether they honor them can quickly become their legacy if they are voted into office. Things could become interesting if presidential candidate Donald Trumpfollows through on a recent report that he offered to end electric vehicle incentives if they would donate $1 billion to his election campaign.

Josh Dawsey and Maxine Joselow of The Washington Post reported that Trump held a meeting in April at his Mar-a-Lago Club in Florida with some of the top American oil executives. It was there that the businessmen allegedly complained about the high expense of lobbying against environmental regulations enacted by president Joe Biden, with many of them focused on encouraging consumers to embrace electric vehicles.

Dawsey and Joselow reported that according to multiple anonymous sources who had intimate knowledge…

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Andrew Martin

Dabbler in history, investing & writing. Master’s degree in baseball history. Passionate about history, diversity, culture, sports, film and investing .