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Tehran in Turmoil as Residents Flee Following Trump’s Urgent Warning

The streets of Tehran are rapidly emptying as residents heed an urgent warning from U.S. President Donald Trump, who called for the immediate evacuation  of the Iranian capital amid escalating tensions between Iran and Israel.  Trump’s statement, posted on his Truth Social platform, emphasized that “Iran cannot have a nuclear weapon” and urged the city’s nearly 10 million residents to leave before it was “too late”. His remarks came as Israel intensified its airstrikes on Tehran, targeting key infrastructure and military sites.  Reports indicate that major roads leading out of Tehran are clogged with traffic, as families scramble to find safety. The city’s historic Grand Bazaar has shut down, an unusual move that underscores the severity of the situation. Meanwhile, Iranian authorities insist that “everything is under control” , though no official evacuation order has been issued.  The international community is closely monitoring the crisis, with leaders of the Gro...
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Trump's Transition Team Plans to End Biden's EV Tax Credit

President-elect Donald Trump's transition team is planning to eliminate the $7,500 consumer tax credit for electric vehicle (EV) purchases, a key component of President Joe Biden's Inflation Reduction Act. This move is part of broader tax-reform legislation aimed at reshaping U.S. energy policy.

The decision to end the EV tax credit could have significant implications for the U.S. EV market, particularly for automakers relying on the subsidy to compete against established players like Tesla. While Tesla CEO Elon Musk has indicated that the removal of the credit might slightly impact Tesla's sales, he believes it would be devastating for other U.S. EV competitors.

The energy-policy transition team, led by billionaire oilman Harold Hamm and North Dakota Governor Doug Burgum, views the consumer EV credit as an easy target for elimination. The team believes that removing the credit would gain broad consensus in a Republican-controlled Congress and help offset the cost of extending Trump's original tax cuts.

As the transition team continues to meet and discuss these changes, the future of U.S. clean energy policies remains uncertain. The potential repeal of the EV tax credit highlights the ongoing debate over the direction of America's energy and environmental strategies under the incoming administration.

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