Donald Trump secured 15 electoral votes when he won Michigan on Election Day, marking a significant victory that contributed to his re-election as President of the United States. Both Trump and his opponent, Democratic nominee Kamala Harris, heavily campaigned in the crucial swing state during the fall. As a result, the topic of electric cars has been a prominent issue in their campaigns, with both candidates offering insights into how the electric vehicle industry may fare under their administrations. As Michigan is home to the American auto industry and the birthplace of the American auto worker, the outcome of the election has significant implications for the future of electric vehicles.
Trump’s stance on electric vehicles has been somewhat contradictory. In his nomination speech in July, he promised to “end the electric vehicle mandate on day one,” referring to Biden’s goal of converting half of all vehicle sales to EVs by 2030. He claimed that this move would save the US auto industry from “complete obliteration” and reduce car prices by thousands of dollars. However, he has also referred to federal spending on electric vehicles as part of the “Green New scam,” a play on the bipartisan “Green New Deal” funding package. In a speech in Michigan earlier this year, he warned that the industry’s focus on electric vehicles would make it easier for China to dominate the global auto market.
Despite these statements, Trump has received support from Tesla CEO Elon Musk, who has been a vocal supporter, advisor, and donor to the President. Trump has acknowledged this support, stating in August that he is “for electric cars” because of Musk’s endorsement. This support has been reflected in Tesla’s soaring stock prices following Trump’s re-election.
The conservative Heritage Foundation, a right-wing think tank, has also expressed its opposition to electric vehicle subsidies and fuel economy standards aimed at reducing vehicle emissions. Although the Trump campaign has distanced itself from the organization’s Project 2025 transition plan, it may still influence the administration’s policies. The brief released by the organization criticizes EV subsidies and fuel economy standards, suggesting that they may be targeted by the Trump administration.
However, it may prove challenging for Trump and his allies to reverse the progress made in the electric vehicle industry over the past four years. Many climate-related policies are enshrined in federal law, making it difficult for the President to undo them without the support of Congress. Electric vehicle tax credits may be an easy target for the administration, but other policies may require more effort and time to overturn.
In conclusion, the outcome of the US presidential election has significant implications for the future of electric vehicles. While Trump’s stance on EVs has been contradictory, his re-election may pose challenges for the industry as his administration may take a different approach to electric vehicles. However, it remains to be seen how much of an impact Trump’s policies will have on the industry, as many climate-related policies are deeply rooted in federal law.
