Donald Trump wins presidency, creating new round of uncertainty for automotive industry

Donald Trump declares victory on Nov. 6. — 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)

Last Updated

November 06, 2024 02:54 PM

Former President Donald Trump’s return to the White House will likely send the automotive industry into a period of uncertainty on electric vehicle regulations, incentives and trade.

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