Former President Donald Trump has pledged to dismantle President Biden's electric vehicle policies if re-elected, threatening tariffs and policy reversals.
Trump has criticized electric vehicles and plans to impose tariffs and repeal Biden's E.V. incentives.
Analysts believe the E.V. market may continue growing despite potential policy rollbacks.
Automakers have invested heavily in E.V. production, which may temper the impact of policy changes.
Key quote:
“Our time frame as a company, our planning time frame, is a lot longer than election cycles. When we’re whipsawed back and forth by politicians that becomes really difficult for us.”
— William Clay Ford Jr., executive chair of Ford Motor
Why this matters:
Potential policy reversals raise questions about the future of the U.S. automotive industry, which has seen a substantial shift toward electrification in recent years. Major car manufacturers have invested billions in EV technology, aligning their strategies with Biden's vision for a greener economy. Rolling back these policies could not only disrupt these plans but also slow progress towards reducing greenhouse gas emissions, a critical component in addressing global warming.
As the U.S. enters a heated 2020 presidential election year, Republicans and Democrats place their trust in two nearly inverse news media environments.
President Donald Trump loves to tout his support of "beautiful, clean coal." Or at least he used to. He didn't mention it once during his Monday speech on the administration's environmental record.
