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Trump’s war on electric cars has only just begun
The auto industry is facing a major shift under Donald Trump.
The only one to make the trek to DC to kiss the ring was Stellantis chair John Elkann — and even he split before the inauguration to fly back to Italy to hang with F1 star Lewis Hamilton. Trump’s threats to eliminate EV incentives may dampen sales, but the president’s plan to impose 25 percent tariffs on Mexico and Canada could prove to be even more disastrous. Trump’s Day One executive orders don’t provide any concrete policy actions on the EV tax credit, emissions rules, or manufacturing incentives.
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