Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.

Russ Mitchell covers energy technology and policy from a California perspective, including the state’s ambitious transition to electric vehicles.

The election of Donald Trump has stoked optimism on Wall Street, where his business-friendly agenda is expected to juice economic growth and loosen regulations. Electric vehicle makers, however, face a hazier outlook than most other businesses.