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Trump 'Uncertainty' Claims a Victim. Ford Stock Catches a Downgrade. -- Barrons.com
Tesla's 'Trump Bump' Fades as Stock Falls Alongside Rest of EV Sector
As expected! On the first day of his presidency, Trump signed an executive order to cancel support for the electric vehicle Industry.
① Trump ordered the cancellation of the regulation that "by 2030, half of all new cars sold in the USA will be electric vehicles," and will freeze the remaining government funds used for the construction of car charging stations, canceling the US government's support for the Electric Vehicle Industry. ② Trump also stated that he will consider ending the electric vehicle tax credit and pledged to increase oil production in the USA, canceling Biden's clean energy initiative.
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.