well. For now anyways, we have to fargaddabout the IRA. Trump wants it dead along with incentives to buy electric vehicles. I wonder how his mate (Elon) feels about this and also if it could impact RNU.
disallowed/business/companies/trump-s-green-attack-threatens-the-future-of-the-us-car-industry-20250122-p5l6b9.html
sydney morning H if it gets filtered. The quote is snippets, full article via link aboveIt’s not just the IRA that Trump wants to gut.
America’s “tailpipe” rules, restored by Biden after Trump abolished them in his last term, set limits on exhaust emissions while increasing fuel economy requirements. The regulations, from model year 2027, become more stringent through to 2032, with auto companies able to comply by selling a mix of internal combustion cars, hybrids, EVs or hydrogen-power vehicles.
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Those massive investments would be stranded if Trump removes the US incentives; EV take-up in the US would slow; US auto companies efforts to catch up with the Chinese, Europeans and Japanese in EV and battery technologies would be handicapped and, with the rest of the world steadily moving towards an EV future, the role of the US companies within the global industry would be steadily diminished, and relegated to producing anachronistic vehicles for a domestic market.
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Trump’s antipathy towards EVs and the climate-related measures Biden introduced through the Inflation Reduction Act will, if he can implement it, be a major blow to the US industry’s ability to create a viable industry, one competitive with the Chinese companies leading the EV sector that is steadily displacing internal combustion vehicles.
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It is unclear whether Trump understands that his policies would not just kill off US auto companies’ EV activity in the US but also their historical dominance of the global industry, a position now under severe threat from the growth and technological sophistication of Chinese manufacturers and China’s control of the supply chains for EVs.
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