Summary
- Trump will likely be president of the United States again, with implications for the EV market
- Trump has a history of trashing EVs and renewable energy, which could impact policies and sales in the US
- Possibilities include weakening fuel economy standards, attacking California’s rights, and repealing incentives for EV factories
- Automakers may reduce EV production and sales targets, slowing growth in the US market
- There are uncertainties about potential actions and policies that could affect the EV industry under a Trump administration
Article
Despite the uncertain outcome of the election, it seems likely that Donald Trump will serve another term as president of the United States. While there are more pressing issues at hand, it is important to consider what this could mean for the future of electric vehicles (EVs), solar power, and wind power in the country. Trump has a history of criticizing EVs and wind power, but with Elon Musk supporting him, there is hope that solar power may be spared from his disdain. However, it remains unclear how Trump’s transactional nature will influence his policies on EVs.
One potential outcome is that Trump may weaken US fuel economy standards, leading to a decrease in EV production by automakers in the future. This could make US automakers less competitive globally and create space for foreign automakers to dominate the EV market. Additionally, Trump may challenge California’s authority to set its own fuel economy standards, a move that could face legal opposition. Another possibility is the repeal of incentives for EV and battery manufacturing, which could result in a loss of jobs and competitiveness in the industry.
The fate of programs such as the NEVI program, which supports companies like Tesla, is uncertain under a Trump administration. While it seems unlikely that Trump would dismantle a program benefiting his ally Musk, the unpredictability of his decisions leaves room for speculation. It is also unlikely that there will be any new stimulus programs or support for EVs during Trump’s term, which could slow down the growth of EV sales in the US compared to other regions.
Overall, the future of EV sales in the US under a Trump administration looks uncertain. Automakers may scale back their EV production targets, delaying the transition to electric vehicles and falling behind global competitors. Without government support or incentives, US automakers may struggle to keep up with the growing demand for EVs worldwide. Ultimately, the key factor in determining the success of EVs in the US will be the strength of fuel economy standards, which are likely to be weakened under Trump’s leadership.
Read the full article here
