Trump's Impact on the Future of Electric Vehicles

President-elect Donald Trump's victory is expected to create uncertainty in the U.S. electric vehicle (EV) industry, as he plans to roll back emissions standards and EV incentives. While legacy automakers like GM and Ford may benefit, EV startups could face challenges. Trump is also likely to clash with states like California over their emissions standards. Despite potential policy changes, some investments in EV production are occurring in Republican states, and analysts believe the Inflation Reduction Act will see adjustments rather than elimination.