Report: Trump's transition team will revoke Biden's electric vehicle and emissions policies.
According to Reuters, the transition team's plan includes eliminating the Consumer tax credit for Electric Autos purchases, imposing tariffs on all Battery materials globally, and withdrawing Biden's support for Electric Autos and charging infrastructure.
General Motors (NYSE:GM) Takes on the Taxpayer in Building Renovations
Express News | Biden Administration Government Electric Vehicle Purchases Lag Targets -- Government Audit
Express News | Canada Growth Fund Announces First Transaction in Critical Minerals Sector With Investment in Quebec-Based Nouveau Monde Graphite
Press Release: Canada Growth Fund Announces First Transaction in Critical Minerals Sector With Investment in Quebec-based Nouveau Monde Graphite
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Express News | Lges, Jsw Plan to Set up Plant With 10 Gwh of Battery Capacity for Electric Vehicles, Energy Storage -Sources
Express News | Proposed Initial Agreement Between Lges, Jsw Will Need Investment of More Than $1.5 Bln -Sources
Express News | Exclusive-South Korea's LG Energy Solution, India's Jsw Energy in Talks to Jointly Manufacture Batteries in India -Sources
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Express News | The pedestrian warning function volume is insufficient, and 7,606 Autos are being recalled in the U.S.
Alphabet's Waymo Picks Tokyo for Its First International Robotaxi Testing
The Trump team's plan to overturn Biden's policies presents significant changes for the USA's Autos Industry.
The Trump transition team suggested comprehensive reforms to cut support for electric Autos and charging stations.
Jefferies downgraded Ford (F.US) to underperform the Large Cap, while the robust strategy of General Motors (GM.US) is favored.
Jefferies' Autos Analyst team has downgraded Ford's rating from "Hold" to "Underperform Large Cap" and significantly cut its Target Price by 25% to $9.
Breaking news on autonomous driving! Waymo is about to start international testing, with Tokyo as the first destination.
Waymo, a subsidiary of Alphabet, announced that it will begin testing its autonomous taxis in Tokyo, Japan, in early 2025, marking the company's first step towards international expansion.
Tianfeng: The "calm period" before Trump's inauguration.
The main risk in the future is that the currently relatively stable debt situation of the USA households may undergo nonlinear changes, rapidly deteriorating and leading to interest rate cuts by the Federal Reserve being greater than expected.
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