Summary
The Trump transition team plans to dismantle key support for the US electric vehicle (EV) market by eliminating the $7,500 federal EV tax credit and diverting funds from EV charging stations to securing battery materials as a “national-defense issue.”
This marks a major shift from Biden’s policies, which prioritized rapid EV adoption and a domestic battery supply chain.
The plan includes imposing tariffs on battery parts and materials globally, with possible exemptions for allies.
These changes are expected to slow US EV growth, further widening the gap with Europe and China.
Except for one brand, I’ll wager.
Leopards something my something face something
One can hope, right?
Actually the ones who voted for trump wouldn’t have voted any other way. It’s the people who sat it out ‘to show Biden/ kamala’ who need to take a good look at themselves.
Congratulations, you swallowed the DNC propaganda to blame the voters instead of the politicians not running a platform that people wanted.
First of all, this thread was about whether Tesla will be affected by Trump’s plans to sabotage EV or not.
Second the general fallout will be there, regardless of who someone voted for. The face eating comment is more about people who did vote for something and got hit by it, regardless of their motive to vote for it - if you were thinking you would be a target, you’d have vote differently. So I don’t see a real difference between “x voted for Trump because they are a Trump fan” and “x voted for trump to show Kamala/Biden” or any other reason.
At this rate I’ll go buy a cheap used torch, slap two decent ebikes together and make my own. I literally need something to hold groceries a few miles I’m not blowing 100k on a vehicle with panel gaps as wide as the holes in musk’s ideology.
There are cargo e-bikes and trikes.
At the end of the day I wonder what a small electric engine attached to a bike wheel and battery would do?
Just get a Bakfiets.
I wish. They’re expensive af. They are intended as a car replacement for local driving and are priced as such
You know, as a kid I thought the bad guys in Captain Planet were a bit silly and over the top. How wrong I was…
I want the Don Cheadle Captain Planet to manifest in this reality.
Trump would make the best tree. He’d be 'UGE! Lots of people are saying it, the best people.
Nah. He’d be one of those trees that smells like a rotting corpse and he’d probably be on the smaller side.
Either way a definite improvement over his current state.
Edit: also as with any Trumpian statement it’s always safe to assume that reality is the exact opposite of whatever was said.
On the one hand, im kinda in support of not subsidizing the auto industry.
On the other hand, I know this will only hurt us ecologically and economically.
Will this see a spike in EV adoption before Trump takes office?
I’m kinda assuming he’s going to add a specific carve out exception for “companies who invest in our space program and social media” or something like that
Standard conservative mindset. Swimming against the tide.
They might slow things, but the inevitable progress of technology plus equally inevitable increase in gas prices over time will shift the market to EVs anyway.
Have they ever in recent history been successful at keeping a society exactly how it is for any length of time, or taken it back to a previous era? It just seems like they love losing and being on the wrong side of history, over and over.
Not really because that’s not the actual point. That’s the marketing.
Iranian women - before and after the Islamic Revolution
It can happen here.
Well, there is the Taliban in Afghanistan…
So why does Musk want this?
Tesla is a beacon for the right wing now. They’ll pay any amount to drive around in a symbol of Trump support.
Tesla wont be selling cars anymore. They’ll be shoving out “self driving” robotaxis instead.
Same price as Uber without the pesky need for paying drivers.
same reason most magas support donvict in the first place… it hurts others more than he thinks would hurt himself or his own company.
and, they’re probably working on some way to target tesla for some multi-billion dollar government handouts that only it would qualify for, or to exclude old spice’s companies from any new tariffs or taxes.
“With possible exemptions for allies”
Musk is set with the contracts that’ll come in to SpaceX. Tesla has been a low priority for a while now.
He also canned the entire supercharger team this past year. In a different timeline, the supercharger network might have been Tesla’s most enduring legacy as other manufacturers catch up. But chargers aren’t very interesting, and Elon doesn’t like anything unless it’s flashy (and fashy).
He rehired them after he got over his temper tantrum though. He started rehiring them less than a week after he fired them.
I just hope those employees that got rehired were able to lock in pay raises, bonuses, etc. for Musks childish behavior.
He rehired them a few weeks later.
Tesla is Musk’s cash cow though
He’s been known to tank good, profitable ideas before.
Not when they keep burning people alive. That’s got to impact sales somewhat.
Have you seen Tesla stock lately? It’s way up. Elon Musk is worth over $400 billion these days largely because of Tesla.
Tesla’s value is about getting investors to buy into speculation and false promises, and has very little to do with their ability to sell cars.
… and has very little to do with their ability to sell cars.
Or design them. Or build them. Or repair them.
It won’t necessarily destroy the EV market, but it will make it less competitive. Elon Musk is ok with ending the Federal tax credit because he believes it will hurt Tesla’s competitors more than it will hurt Tesla, and that will help Tesla get closer to full monopoly power. Nearly 50% of all EVs sold are Teslas, I expect that to go up.
The company that I think has the best chance to compete with Tesla is GM. Their Ultium platform will allow them to deliver quality EVs at affordable prices. As of Q3 2024, GM is selling the second most EVs, though they are still only selling a fraction of Tesla’s numbers.
For EVs, affordability is key, and GM has positioned themselves well to compete with Tesla on price. However, the GM brands aren’t exactly the most popular, and it’s hard to say if GM will be able to overcome that and convince American EV buyers that GM EVs are worth considering. Which is unfortunate, because GM, of all the legacy, domestic auto makers, has committed themselves to EVs the most.
It’ll make US manufacturers uncompetitive while the rest of the world moves on. Even a 100% terrif on imported cars won’t be enough to save it.
Also, the new Honda Prologue EV is just a Chevy Blazer, but people are snapping them up. Apparently, the way to sell GM EV is to slap a Honda logo on it.
Also, the new Honda Prologue EV is just a Chevy Blazer, but people are snapping them up. Apparently, the way to sell GM EV is to slap a Honda logo on it.
It’s true, Chevy has earned a reputation for being low quality, while Honda has a much better reputation. Also, Chevys are usually just uglier, in my opinion, especially the interiors. I really hope Chevy can use this opportunity to reinvent themselves and start making more desirable vehicles, but in the meantime at least the Ultium platform is selling, in some form.
Oh…that will change. Most people that are progressive enough to purchase electric vehicles are not buying new Tesla’s. I mean, hell, look at the regret that some people have over it (“I purchased this before Elon went crazy!”, etc.).
Nearly 50% of all EVs sold are Teslas, …
BYD has entered the chat.
They meant where this news matters, in the US. BYD currently cannot sell passenger vehicles in America.
And Tesla sells and builds cars in China, so it matters plenty more than only in the US.
Yes, but Trumps policies will only benefit Tesla both in the US and abroad. This news isn’t relevant outside of the US, where more than 50% of EVs sold in America are Teslas.
Your point is valid, but irrelevant.
I wish these articles would note that Congress gets a say. I know there’s a slim Republican majority in both houses but that’s not enough in the Senate.
Obviously, a lot can be done by executive order and that reconciliation exists. The tax credit would qualify for reconciliation bills and could easily be doomed. But half these articles act like Trump won’t face any resistance, even from within his own party.
Trump will literally just EO to stop the physical payment of rebates.
I hope his failures are far reaching, and catastrophic.
Or at least the consequences for him and his enablers.
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