Automotive manufacturers, regulators and consumers
face considerable uncertainty on how the incoming Trump
Administration will attempt to reshape the automotive
industry when President Donald Trump returns to the White
House on January 20, 2025. Significant changes are on the
horizon, with President Trump’s major campaign themes,
including protectionist trade policies and an “all of the above”
energy policy, reflecting a noteworthy shift from President
Biden’s globalist and clean energy platform. As in 2017,
President Trump’s approach to economic and environmental
issues is near certain to create ripple effects throughout the
automotive industry.
Changes may be most pronounced on EV policy – a political
lightning rod for Republicans in recent years – despite Tesla
CEO Elon Musk’s role in the upcoming Trump Administration.
Future proposals are likely to further President Trump’s
promises to eliminate government incentives for EV
manufacturing and purchases, with the aim of tipping the
scales back in favor of gas-powered vehicles, and the oil
industry.
Read the full insight to learn more about these initiatives.
