Musk has said enough times that he wants the subsidies/tax credits removed. Tesla is the largest automaker, and sells the most EV cars too. It stands to lose the most per se. Or not.
Anyhow, here in Ontario, Canada, we lost Provincial (State) rebate long back, and it has not stopped the EV adoption. Yes, it was slowed but by not much when you look at the market itself.
What's hurting the most I see for EV adoption are:
1) cost overall - At the price point you can get a decent EV in Ontario, it is like choosing between a premium car or an EV. Even a Hyundai Ioniq 5 costs $70K+ on the road, which on paper is a great vehicle but apparently in practice not so great with the battery - enough stories.
this was one of the reason for the Premier to remove the rebate - if you can afford to purchase a premium car then you don't really need rebate, that money can be used in other social services instead. And hopefully, the funds go somewhere useful instead of pockets.
2) insurance - goddamn this was a surprise and it was the major factor for me to consider something else - almost 2x the cost of ICE or plugins that are not considered high risk.
3) Choices - BEVs selection isn't that big that there are enough choices available for consumers to sort of check off enough "wants" boxes to justify the move, especially considering the above 2 points.
Anyhow, all this is going to achieve is slowdown the EV adoption - not great for environment.
