Trump's Win Sparks Uncertainty for Electric Vehicles and Automakers

Donald Trump's re-election and his administration's stance on electric vehicles (EVs) could complicate the industry's future. Trump has criticized EV mandates and subsidies, labeling them part of a 'Green New scam,' and plans to end the electric vehicle mandate. However, his relationship with Tesla CEO Elon Musk suggests some support for EVs. The administration may target EV tax credits and infrastructure funding, but existing climate policies and industry support could pose challenges. Meanwhile, states like California are likely to continue pushing for electrification, and the Biden administration is expected to finalize EV-friendly regulations before leaving office.