Republican presidential candidate Donald Trump made several statements regarding electric vehicles, tax credits, and the automotive industry during a campaign event in York, Pennsylvania. In this article, we will delve into Trump’s views on electric vehicles, potential cabinet appointments, and his stance on Google and TikTok.
Ending Electric Vehicle Tax Credit
Trump expressed his willingness to consider ending the $7,500 tax credit for electric-vehicle purchases if elected. He stated that tax credits and incentives are generally not beneficial and that he sees a smaller market for electric vehicles due to cost and battery range issues. Trump could potentially reverse Treasury Department rules related to the tax credit to align with his stance.
Potential Role for Elon Musk
Trump mentioned that he would be open to naming Tesla CEO Elon Musk to a cabinet or advisory role, citing Musk as a very smart and brilliant individual. Musk had previously served as an advisor to Trump’s administration but resigned after policy differences, particularly regarding the Paris Climate Accord. Musk publicly endorsed Trump in the 2024 presidential race.
Automotive Industry Policies
Trump discussed his plans to discourage exports of vehicles made in Mexico for the U.S. market by imposing tariffs on Detroit Three automakers and others. He also expressed a desire to prevent Chinese automakers from building new plants in Mexico for the U.S. market. However, Trump welcomed the idea of Chinese and other automakers establishing plants in the United States to create jobs for American workers.
Criticizing Google and TikTok
Trump harshly criticized Google, comparing it to the “Wild West,” but did not specify any actions that should be taken against the technology giant. He also touched on the topic of TikTok, stating that it is challenging to ban the app due to free speech considerations. Despite a law requiring Chinese owner ByteDance to divest TikTok’s U.S. assets by 2025, Trump indicated a willingness to allow continued Chinese ownership if ByteDance decides to sell.