Trump's Return Raises Concerns Over EV Policies and Tariffs

Automakers brace for potential policy shifts as President-elect Trump signals changes to EV incentives and trade tariffs.

Automakers, including Toyota and Rivian, are preparing for potential changes to federal EV policies and tariffs under a Trump administration.
Trump's proposed tariffs could significantly impact the cost of imported vehicles and parts, potentially raising prices for consumers.
The $7,500 EV tax credit, a key component of the Biden administration's Inflation Reduction Act, may face cuts or stricter eligibility under Trump.
Tesla's stock surged due to Elon Musk's ties with Trump, while Rivian and Lucid shares experienced volatility amidst policy uncertainty.
Industry leaders emphasize that long-term investments in EV production will continue, despite potential regulatory changes.