Former United States President Donald J. Trump, currently facing 34 felony counts in criminal court, is campaigning for re-election this fall by taking shots at the increasingly popular electric car industry. Trump has already called for oil and gas industry executives to donate significant campaign funds in exchange for a reversal of Biden administration climate policies. If elected this November, Trump would roll back tailpipe emissions targets and dramatically slash EV tax credits.
, executive chair of Ford Motor, told the New York Times: “Our time frame as a company, our planning time frame, is a lot longer than election cycles,” Mr. Ford said at an event organized by the Detroit Free Press last month. “When we’re whipsawed back and forth by politicians that becomes really difficult for us.” Investment in U.S. manufacturing spurred by President Joe Biden’s Inflation Reduction Act will continue apace even with a second term for Donald Trump.