US auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.Trump’s transition team has been discussing ending the $7,

Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, a report said.

The electric-vehicle purchase tax credit makes buying Teslas and other EVs more affordable for most car buyers.