How Trump Policy Shifts Could Reshape the U.S. EV Market (and spare Tesla)
Douglas McIntyre and David Callaway discuss potential moves by the incoming Trump administration to target the EV market by withdrawing tax incentives without significantly impacting Tesla and Elon Musk. They suggest that Tesla’s high profit margins could help it weather the removal of subsidies, unlike competitors such as Ford, GM, Rivian and Lucid. While Lucid may survive thanks to its Saudi backing, Rivian could face significant challenges. They also note Trump’s plans to impose tariffs on battery minerals, a move likely to hurt other EV makers more than Tesla.
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