Elon Muskʼs support for Trump changed everything in EV-world: while Democrats used to be main EV-buyers (about 83% would consider buying one last year) Trump now says “Im for electric cars“ - quite different from his old anti-EV position
The government-support landscape is complex: since 08ʼ theres been a $7‚500 tax-credit for new EVs‚ and Muskʼs Tesla got about $2‚8B in various government help (even though he says hes anti-subsidies). The company also made $9B from selling carbon-credits to other car-makers
Recent data shows how important these supports are: when Germany cut EV-help in dec-23‚ sales dropped big-time (more than half); Tesla has 48% of US market now but removing help could hurt sales. Other makers like Ford and GM would have it even harder
Iʼm for electric cars. I have to be‚ because Elon endorsed me very strongly
The small-parts makers situation is tricky: theres a new $100M fund to help them switch to EV production (most only make gas-car parts now). A bigger $2B program runs till 31ʼ to help car factories in swing-states change to EV-making
International trade is getting messy: Chinese company BYD beat Tesla in sales last quarter‚ theres 100% tax on Chinese EVs coming to US; and EU-US trade could get rough if Trump wins (he wants 20% tax on everything). Tesla might get hit from both sides - it needs Chinese parts and sells lots of cars in Europe