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Election 2024
Donald Trump wins presidency, creating new round of uncertainty for automotive industry
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As president, Donald Trump may take steps to further isolate Chinese vehicle and parts manufacturers to protect the domestic supply chain. However, the new administration can be expected to target Biden-era tax credits, to the detriment of manufacturers that have invested heavily in new electric drivetrains.
(EVA MARIE UZCATEGUI/BLOOMBERG)
Author
By:
Molly Boigon
Last Updated
November 06, 2024 02:54 PM
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