Citing two people familiar with the matter, Reuters is reporting that Trump’s transition team is aiming to kill the EV tax credit as part of a larger tax reform program. Tesla is said to support the move and it’s clear CEO Elon Musk has Trump’s ear after backing him during the campaign.

A Trump agenda dead set on slowing EV adoption could be a disaster not just for Tesla but also for every other US automaker, too. Throw in Trump’s controversial tariff plan, and well… you have a political and economic mess of unprecedented proportions that could shape the auto industry in America for years to come.

Some electric vehicles and plug-in hybrids are set to get less affordable from next year, it seems. As expected, the incoming Trump administration has set its sights on killing off the IRS clean vehicle tax credit, according to a report in Reuters this afternoon.