WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Monday the United States will end subsidies for electric cars and other items including renewable energy sources.
Asked about actions planned after General Motors announced U.S. plant closings and layoffs last week, Kudlow said he expected subsidies for buying electric cars will end in 2020 or 2021. Kudlow said the Trump administration will end other subsidies, including on “renewables.”
Reporting by Jeff Mason; Writing by Doina Chiacu; Editing by Tim Ahmann
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