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The socialist stable genius doesn't have a clue about the auto business. The grownups in the room (Cali and the manufacturers) negotiated what makes sense for the environment and manufacturers along with the consumers. No manufacturer wants to build fewer cars and they are in a worldwide market, not just America Alone.
Trumps socialist business policy towards trade, manufacturing, farming and tariff tax is a joke and opposite of traditional Republican values. Meanwhile Congress hides and the Trump effect is starting to show.
Michelle Krebs, executive analyst at car-buying site Autotrader, said she doesn’t anticipate any “drastic change” in strategies among the car companies.
“The automakers know where the world is going in terms of low-emissions, high-fuel-economy vehicles, and this is a long-lead business,” Krebs said. “They’re working on cars today that will come out in 2023 or so. So they’re not going to just suddenly change their approach.”
GM, Volkswagen, Toyota and Ford are among the auto companies that have recently announced plans to invest heavily in electric vehicles. Those investments are likely to continue regardless of the U.S. plans, Krebs said.
What’s more, automakers need to plan for the possibility of a shift in the political winds.
“They know this administration won’t be in power forever,” Krebs said. “Things could change and they can’t be caught flat-footed if it does shift back.”
Customer preferences could change, too.
“Ultimately, we believe consumers, local/city governments and tech-sponsored megafleets will be the deciding factor that drives an inflection in EV adoption and CO2 reduction,” Morgan Stanley auto analyst Adam Jonas wrote last week in a research note.
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