Trump announces he will go after electric car mandate — what does this mean for Musk’s Tesla? - video Dailymotion

Trump announces he will go after electric car mandate — What does this mean for Musk's Tesla?Source The Independent

Transcript

00:00Throughout his presidential campaign, Donald Trump has relentlessly bashed Biden's electric vehicle mandate, calling it

00:06outlandish and cruel.

00:08These people are allowing our country to do these electric vehicles that very few people want.

00:15With Trump as the new president-elect, what could that mean for his close friend Musk's famous Tesla company?

00:21Trump has said that he is strongly considering getting rid of the $7,500 EV tax credit put in place by the Biden

00:28administration, making electric cars less affordable for the average consumer, likely boosting sales in gas-powered cars.

00:35This is good news for the big three automakers, Ford, General Motors and Stellantis.

00:41Their boost in sales would make the need to invest in building electric vehicles non-existent, taking out the competition for

00:47Elon Musk's expensive Teslas.

00:49Further, it would set aside other government efforts, such as Trump's proposed tariffs, to finance the construction of electric

00:56vehicles for Musk's company alone, making his EVs even more expensive.