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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 here to learn more about these initiatives.
