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United States Electric Commercial Vehicle Industry Report 2023-2024 & 2029, Competitive Analysis of Tesla, BYD, Rivian, Canoo, Nikola, Workhorse, Lion Electric and Proterra Powered Among Others
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.