Why EV Prices Could Rise Sharply During Trump's Second Administration

11/19/2024 2:05:54 PM

(MENAFN- Investor Brand Network) President-elect Donald Trump's second administration will likely see
battery electric vehicle prices rise
across the majority of the U.S. automotive market, sparing only Tesla thanks to its position in the market. Elon Musk's decision to endorse his sophomore presidential bid was controversial; the former President has repeatedly criticized the Biden administration's efforts to electrify the country's transport sector and promised to
get rid of the federal EV subsidies
if elected.

Even though trump toned down his anti-electric vehicle rhetoric after...

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