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What does Trump’s election mean for EVs, Tesla, and Elon Musk?
Say goodbye to the EV tax credit.
And he will likely have Musk continuing to whisper in his ear on important policy matters moving forward, even going so far as to promise to appoint the mercurial billionaire to a role in his administration. That will likely result in Detroit’s Big Three — Ford, General Motors, and Stellantis — becoming less competitive globally, as the rest of the world continues to innovate and produce more EVs. Fighting — over tax credits, emission standards, federal spending, state’s rights, and more — will become a hallmark of this presidency and its approach to the auto industry, just as it was last time.
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