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Express News | The incoming White House officials stated that Trump will end tax incentives for electric vehicles. (Financial Association)
The "Trump 2.0" storm is coming! Which Industries are set to soar and which Industries will cool down?
Investors are preparing for a major policy shift.
In the USA, the sales of new energy Autos accounted for one-fifth for the first time, while Tesla's market share has declined.
In 2024, the sales of new energy vehicles in the USA accounted for 20% of total new car and truck sales for the first time, while traditional RBOB Gasoline vehicle sales fell to 79.8%, reaching a modern automotive historical low. Tesla remains the leader in the pure electric vehicle market, but its market share decreased from 55% to 49%. Other major electric vehicle brands include Hyundai, General Motors, Ford, and BMW, which hold market shares of 9.3%, 8.7%, 7.5%, and 4.1% respectively.
Battery-Powered Cars Had a Banner Year. There's a Risk for Car Stocks. -- Barrons.com
Trump's tariff plan harms both others and oneself! The governor of Michigan warns: This move will hurt the USA automotive industry.
① The governor of Michigan warned that Trump's tariffs on Mexico could harm the USA Autos industry, raise USA Autos prices, and hurt job opportunities. ② Trump has stated that if illegal immigration and fentanyl trafficking do not stop, he will impose a 25% tax on Canada and Mexico; Whitmer pointed out that the cost of the tax will ultimately be passed on to the Consumer.
Cailian Press Autos Morning Report [January 16]
① The Ministry of Commerce: This week, detailed implementation rules for new purchase subsidies for mobile phones and other digital products will be issued successively; ② Guangdong: The production of New energy Fund vehicles will grow by 43% in 2024, accounting for a quarter of the national total; ③ Chongqing Changan Automobile: It will enter the Europe market in 2025;