martin said:
@chozen
Good products shouldn’t need subsidies to sell, though.
Yeah, yet the oil industry gets massive subsidies!
People forget Trump is mostly about loyalty. He might keep the EV mandates just because of Musk. It’s really Congress we should watch out for.
With so much IRA money going to red states, I doubt major changes are coming. Trump may tweak some rules, like removing the consumer lease credit, but rewriting laws is harder than adjusting policy.
BMW and Mercedes EVs are already pricy, and that might just get worse.
EV prices mainly depend on costs, not politics. Battery costs were dropping before the election and should keep doing so. Prices might not fall as fast with tariffs, but the trend is still downward.
After last night, I doubt Trump will mess with Musk. Whatever happens will likely benefit Tesla. Tesla’s stock jumped 13% today for a reason.
It all depends on how much EV supply is out there. Right now, supply is high, and prices are competitive. But if EV mandates go away, less supply could push prices up.
If rebates disappear, prices might go up for a bit. But eventually, dealers may offer discounts to clear inventory. Demand will likely drop without rebates, so prices could dip lower than before. In New Zealand, this happened when rebates were canceled in 2024. The same pattern could play out here.
Probably not much will change.
diallo said:
This comment was deleted by the user.
Or maybe manufacturers just keep making gas cars instead. Musk could also push Trump to keep the credits or make only small adjustments.
@izael
Honestly, it’s cheaper to keep making the same car than to switch to EVs and invest in new infrastructure.
@izael
Most likely, EVs made in the US will still get some kind of credit. EVs are getting strong enough to compete without subsidies, in my opinion.