While most energy experts characterized Donald Trump’s May 26 speech in North Dakota as erratic and at times contradictory, there were a few clear points made by the GOP nominee for president of the United States. One, he hates the EPA and regulation in general, so there’d be less of that. Two, he doesn’t believe in climate change, so that whole Paris accord thing would go kaput (or au revoir, as it were). We should have known that, though.
So how do you know what a President Trump would do about electric cars? In this case, it didn’t take much decoding to see where Trump would head now that he’s the leader of the free world. There aren’t any positives from our vantage point. Here’s what to expect.
1. Let the $7,500 EV tax credit go extinct
Sometime between the release of the Model 3 and six months later, federal tax credits of $7,500 for Tesla consumers would hit the 200,000 mark and start expiring. General Motors, Ford, Nissan, and other manufacturers would follow in the next year or two, and that would leave EV buyers without the subsidy fossil fuel industries get. When Trump says the U.S. should not pick “winners and losers” in the energy department, that would easily apply to shutting down the tax credit once it expires, likely stopping adoption in its tracks.