this post was submitted on 17 Dec 2024
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politics

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Summary

The Trump transition team plans to dismantle key support for the US electric vehicle (EV) market by eliminating the $7,500 federal EV tax credit and diverting funds from EV charging stations to securing battery materials as a “national-defense issue.”

This marks a major shift from Biden’s policies, which prioritized rapid EV adoption and a domestic battery supply chain.

The plan includes imposing tariffs on battery parts and materials globally, with possible exemptions for allies.

These changes are expected to slow US EV growth, further widening the gap with Europe and China.

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[–] ATDA 13 points 14 hours ago (3 children)

At this rate I'll go buy a cheap used torch, slap two decent ebikes together and make my own. I literally need something to hold groceries a few miles I'm not blowing 100k on a vehicle with panel gaps as wide as the holes in musk's ideology.

[–] Maggoty 1 points 17 minutes ago

There are cargo e-bikes and trikes.

At the end of the day I wonder what a small electric engine attached to a bike wheel and battery would do?

[–] [email protected] 2 points 59 minutes ago (1 children)
[–] NerdyPopRocks 1 points 19 minutes ago

I wish. They’re expensive af. They are intended as a car replacement for local driving and are priced as such

[–] JeeBaiChow 88 points 20 hours ago (1 children)

Except for one brand, I'll wager.

[–] [email protected] 19 points 17 hours ago (1 children)

Leopards something my something face something

One can hope, right?

[–] JeeBaiChow 0 points 8 hours ago (2 children)

Actually the ones who voted for trump wouldn't have voted any other way. It's the people who sat it out 'to show Biden/ kamala' who need to take a good look at themselves.

[–] Maggoty 1 points 16 minutes ago

Congratulations, you swallowed the DNC propaganda to blame the voters instead of the politicians not running a platform that people wanted.

[–] [email protected] 1 points 3 hours ago

First of all, this thread was about whether Tesla will be affected by Trump's plans to sabotage EV or not.

Second the general fallout will be there, regardless of who someone voted for. The face eating comment is more about people who did vote for something and got hit by it, regardless of their motive to vote for it - if you were thinking you would be a target, you'd have vote differently. So I don't see a real difference between "x voted for Trump because they are a Trump fan" and "x voted for trump to show Kamala/Biden" or any other reason.

[–] sunbrrnslapper 74 points 20 hours ago (1 children)

You know, as a kid I thought the bad guys in Captain Planet were a bit silly and over the top. How wrong I was...

[–] [email protected] 31 points 19 hours ago (1 children)

I want the Don Cheadle Captain Planet to manifest in this reality.

[–] orclev 9 points 16 hours ago (1 children)

Trump would make the best tree. He'd be 'UGE! Lots of people are saying it, the best people.

[–] WindyRebel 6 points 16 hours ago* (last edited 16 hours ago) (1 children)

Nah. He’d be one of those trees that smells like a rotting corpse and he’d probably be on the smaller side.

[–] orclev 5 points 16 hours ago* (last edited 16 hours ago)

Either way a definite improvement over his current state.

Edit: also as with any Trumpian statement it's always safe to assume that reality is the exact opposite of whatever was said.

[–] [email protected] 10 points 15 hours ago (1 children)

On the one hand, im kinda in support of not subsidizing the auto industry.

On the other hand, I know this will only hurt us ecologically and economically.

Will this see a spike in EV adoption before Trump takes office?

[–] [email protected] 15 points 14 hours ago

I'm kinda assuming he's going to add a specific carve out exception for "companies who invest in our space program and social media" or something like that

[–] Madrigal 33 points 20 hours ago (1 children)

Standard conservative mindset. Swimming against the tide.

They might slow things, but the inevitable progress of technology plus equally inevitable increase in gas prices over time will shift the market to EVs anyway.

[–] [email protected] 11 points 18 hours ago (3 children)

Have they ever in recent history been successful at keeping a society exactly how it is for any length of time, or taken it back to a previous era? It just seems like they love losing and being on the wrong side of history, over and over.

[–] Maggoty 1 points 15 minutes ago

Not really because that's not the actual point. That's the marketing.

[–] grue 4 points 11 hours ago* (last edited 11 hours ago)
[–] [email protected] 3 points 14 hours ago* (last edited 14 hours ago)

Well, there is the Taliban in Afghanistan...

[–] [email protected] 26 points 20 hours ago (3 children)

So why does Musk want this?

[–] [email protected] 35 points 20 hours ago

same reason most magas support donvict in the first place.. it hurts others more than he thinks would hurt himself or his own company.

and, they're probably working on some way to target tesla for some multi-billion dollar government handouts that only it would qualify for, or to exclude old spice's companies from any new tariffs or taxes.

[–] voxthefox 17 points 20 hours ago

"With possible exemptions for allies"

[–] PP_BOY_ 13 points 20 hours ago (2 children)

Musk is set with the contracts that'll come in to SpaceX. Tesla has been a low priority for a while now.

[–] [email protected] 7 points 17 hours ago (2 children)

He also canned the entire supercharger team this past year. In a different timeline, the supercharger network might have been Tesla's most enduring legacy as other manufacturers catch up. But chargers aren't very interesting, and Elon doesn't like anything unless it's flashy (and fashy).

[–] IphtashuFitz 7 points 16 hours ago

He rehired them after he got over his temper tantrum though. He started rehiring them less than a week after he fired them.

I just hope those employees that got rehired were able to lock in pay raises, bonuses, etc. for Musks childish behavior.

[–] [email protected] 4 points 16 hours ago* (last edited 16 hours ago)

He rehired them a few weeks later.

[–] phoneymouse 2 points 20 hours ago (2 children)

Tesla is Musk’s cash cow though

[–] [email protected] 8 points 17 hours ago

He's been known to tank good, profitable ideas before.

[–] Plum 5 points 20 hours ago (1 children)

Not when they keep burning people alive. That's got to impact sales somewhat.

[–] phoneymouse 6 points 19 hours ago (1 children)

Have you seen Tesla stock lately? It’s way up. Elon Musk is worth over $400 billion these days largely because of Tesla.

[–] Makeitstop 16 points 19 hours ago (1 children)

Tesla's value is about getting investors to buy into speculation and false promises, and has very little to do with their ability to sell cars.

[–] [email protected] 10 points 18 hours ago

... and has very little to do with their ability to sell cars.

Or design them. Or build them. Or repair them.

[–] TheDemonBuer 15 points 20 hours ago (3 children)

It won't necessarily destroy the EV market, but it will make it less competitive. Elon Musk is ok with ending the Federal tax credit because he believes it will hurt Tesla's competitors more than it will hurt Tesla, and that will help Tesla get closer to full monopoly power. Nearly 50% of all EVs sold are Teslas, I expect that to go up.

The company that I think has the best chance to compete with Tesla is GM. Their Ultium platform will allow them to deliver quality EVs at affordable prices. As of Q3 2024, GM is selling the second most EVs, though they are still only selling a fraction of Tesla's numbers.

For EVs, affordability is key, and GM has positioned themselves well to compete with Tesla on price. However, the GM brands aren't exactly the most popular, and it's hard to say if GM will be able to overcome that and convince American EV buyers that GM EVs are worth considering. Which is unfortunate, because GM, of all the legacy, domestic auto makers, has committed themselves to EVs the most.

[–] [email protected] 10 points 17 hours ago* (last edited 17 hours ago) (1 children)

It'll make US manufacturers uncompetitive while the rest of the world moves on. Even a 100% terrif on imported cars won't be enough to save it.

Also, the new Honda Prologue EV is just a Chevy Blazer, but people are snapping them up. Apparently, the way to sell GM EV is to slap a Honda logo on it.

[–] TheDemonBuer 3 points 16 hours ago

Also, the new Honda Prologue EV is just a Chevy Blazer, but people are snapping them up. Apparently, the way to sell GM EV is to slap a Honda logo on it.

It's true, Chevy has earned a reputation for being low quality, while Honda has a much better reputation. Also, Chevys are usually just uglier, in my opinion, especially the interiors. I really hope Chevy can use this opportunity to reinvent themselves and start making more desirable vehicles, but in the meantime at least the Ultium platform is selling, in some form.

[–] Alteon 4 points 17 hours ago

Oh....that will change. Most people that are progressive enough to purchase electric vehicles are not buying new Tesla's. I mean, hell, look at the regret that some people have over it ("I purchased this before Elon went crazy!", etc.).

[–] [email protected] 4 points 18 hours ago (1 children)

Nearly 50% of all EVs sold are Teslas, ...

BYD has entered the chat.

[–] CthuluVoIP 6 points 18 hours ago* (last edited 18 hours ago) (1 children)

They meant where this news matters, in the US. BYD currently cannot sell passenger vehicles in America.

[–] [email protected] -1 points 17 hours ago (1 children)

And Tesla sells and builds cars in China, so it matters plenty more than only in the US.

[–] CthuluVoIP 4 points 17 hours ago* (last edited 17 hours ago)

Yes, but Trumps policies will only benefit Tesla both in the US and abroad. This news isn’t relevant outside of the US, where more than 50% of EVs sold in America are Teslas.

Your point is valid, but irrelevant.

[–] ShittyBeatlesFCPres 4 points 18 hours ago (1 children)

I wish these articles would note that Congress gets a say. I know there’s a slim Republican majority in both houses but that’s not enough in the Senate.

Obviously, a lot can be done by executive order and that reconciliation exists. The tax credit would qualify for reconciliation bills and could easily be doomed. But half these articles act like Trump won’t face any resistance, even from within his own party.

[–] Maggoty 1 points 13 minutes ago

Trump will literally just EO to stop the physical payment of rebates.

[–] PoopSpiderman 3 points 20 hours ago (1 children)

I hope his failures are far reaching, and catastrophic.

[–] [email protected] 2 points 14 hours ago

Or at least the consequences for him and his enablers.