I'm betting you're wrong. Musk has Trump's ear but Trump will do what the American people want since they're the ones who elected him. Americans in general do NOT want to be forced to drive EV's. Obviously some will take them up but it will be significantly less than with the Biden mandate. Trump will put tariffs on Chinese EVs so that will help US car factories, the cheap Chinese EVs were going to devastate the US car market especially if Harris had won.
"Now Trump—with the backing of at least a Republican US Senate—will retake control of the federal government, and it’s clear that his administration will take a different approach to electric vehicles than his predecessor, complicating the industry’s position as it attempts to electrify.
Their future is much murkier than it was yesterday.
What Trump Has Said
The president-elect has made conflicting statements about electric vehicles. During his nomination speech in July of this year, Trump pledged to “end the electric vehicle mandate on day one,” a reference to the Biden administration's goal to convert half of all vehicle sales to EVs by 2030. The move would, Trump promised, save the US auto industry from “complete obliteration,” and slash US car prices by thousands of dollars. (EVs are by and large still more expensive than internal-combustion cars.) Trump has called federal spending on electric vehicles and their chargers a part of “the Green New scam,” a play on the US Congress' bipartisan “Green New Deal” funding package. Earlier this year, he told a Michigan audience that the industry’s emphasis on electric vehicles would make it easier for China to take over the global auto industry."
What E25 has to worry about is whether they get any money as Trump said
"First off, he said he would “rescind all unspent funds” in President Joe Biden’s Inflation Reduction Act, which includes many of the administration’s efforts to incentivize EV production in the US. Trump is likely to kill these incentives, everything from the EV tax credit to incentives for battery factories and mining."
So you can walk around with your rose colored glasses.
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Last
22.5¢ |
Change
0.015(7.14%) |
Mkt cap ! $51.43M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.5¢ | $36.91K | 166.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11163 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 101483 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11163 | 0.220 |
4 | 65606 | 0.215 |
4 | 14875 | 0.210 |
1 | 3107 | 0.205 |
8 | 89405 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 101483 | 3 |
0.230 | 72958 | 1 |
0.235 | 124800 | 3 |
0.240 | 252084 | 2 |
0.245 | 21276 | 1 |
Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
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