The Trump era may change the balance in the automobile world
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Elon MuskIt is no coincidence that Tesla Motors, owned by , has been on the rise with the election of Trump. Musk has been perhaps the most important supporter of Donald Trump throughout this election process. Not only did he financially donate heavily to Trump’s campaign, but He also used X to help Trump. Many analysts say that new media, led by X, is one of the main reasons why the election went to Trump.
This power he holds in his hands, It provided Musk with the opportunity to be included in Trump’s inner circle. As a matter of fact, Elon Musk was with Trump while he was following the elections in his villa in Mar-a-Lago on the night of the election and when he gave his victory speech afterwards. Musk, Twitter paid 44 billion dollarsHe may not have gained direct financial gain from , but with this acquisition, he took control of today’s largest communication source. Now it seems that that control will also turn into financial return through Tesla and SpaceX. Because Trump will want to keep X, and therefore Elon Musk, with him throughout his presidency. The way to do this is through Tesla and SpaceX.
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Incentives for Electric Cars May Decrease During the Trump Era
Trump’s election as US president may have positive results for autonomous vehicles, but it is not possible to say the same when it comes to the electric car market in general. As you know, the recent trend in the USA and the European Union has been to leave carbon-fueled vehicles behind and switch to cars that run entirely on renewable energy. In fact, in some regions, first steps have already been taken to completely ban carbon-fuelled vehicles. However Trump has the opposite approach on carbon-fueled vehicles. As a matter of fact, he clearly stated this stance in the statements he made during the election process. The coming to power of Trump, who is against the state-sanctioned ban on carbon-fueled vehicles, may have extended the life of these vehicles a little more. Because many legal regulations, such as the carbon emission standards set by the Environmental Protection Agency (EPA) in America for automobiles, It is expected to be shelved as soon as Trump comes to power. As a matter of fact, analysts on Wall Street say that the companies that benefit most from Trump’s victory are: General Motors, Ford ve Stellantis (Chrysler) They say there will be Detroit-based conventional car manufacturers such as.
On the other hand, for the widespread use of electric vehicles, there are suggestions offered to both manufacturers and drivers. Incentives are also expected to decrease during the Trump era. One of the most controversial decisions of Trump’s first term, who generally did not favor government programs aimed at climate change and renewable energy, was to withdraw the United States from the Paris Agreement. Now Trump is expected to do the same in his second term.
This is indicative of Trump’s general attitude towards green energy. This being the case, it will not be surprising that government incentives for electric vehicles will decrease in the new period. Currently, the general opinion in the electric car world is that Trump will not interfere much with incentives for production, but may stop the incentives applied to the user towards. During the Biden period, credit and tax deductions of up to $7,500 were provided to those who wanted to buy electric cars in the USA. It is said that this practice may be completely eliminated during the Trump era. Likewise, another project whose fate has become uncertain is NEVInamely the National Electric Vehicle Infrastructure project. This project, which envisages the establishment of electric vehicle charging stations throughout the USA, does not align well with Trump’s policies. However, since NEVI is also an important project for Elon Musk’s Tesla, it is a matter of curiosity what attitude Trump will take on this issue.
The US Door May Be Closed to Chinese Automakers
Another change awaiting the automobile industry in the second Trump term is Massive closure of the US market to foreign electric car makers it could be. Because Trump says he will impose extremely high customs duties on many product classes such as automobiles and electronic devices. Trump, who took important steps to bring production activities back to the USA in his first term, may push all non-US-based companies, especially Chinese automobile manufacturers, out of the market with this move. As a matter of fact, right after Trump won the election, three major automobile manufacturers based in Germany (BMW, Mercedes-Benz, Porsche) shares fell. Shares of American automobile manufacturers began to climb. Trump has not returned to the White House yet, but he has already started to change the balance in the automobile world.
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