Former President Trump has recently softened his stance on electric vehicles (EVs), a surprising shift from his previous criticisms of the industry. This change in tone comes after receiving a strong endorsement from Tesla CEO Elon Musk. Trump, who has been known to oppose policies supporting EVs, stated during a recent rally in Atlanta, „I’m for electric cars. I have to be, because Elon endorsed me very strongly. So I have no choice.“
Despite his newfound support for EVs, Trump clarified that he only backs them for a „small slice“ of the market, emphasizing the importance of having a variety of vehicle options available, including gas-propelled cars and hybrids. This shift in rhetoric raises questions about the influence of Musk and his substantial wealth on Trump’s stance on EVs.
Republican strategist Jason Cabel Roe suggested that Trump may consider tax incentives for EVs, which could benefit Tesla, without imposing mandates on traditional automakers. However, neither the Trump campaign nor Tesla has provided further comments on the matter.
This change in Trump’s position on EVs is a stark departure from his previous warnings about the potential negative impact of Democratic policies on the auto industry. Musk’s endorsement seems to have played a significant role in Trump’s evolving perspective on EVs.
Reports have surfaced about discussions between Trump and Musk regarding a potential advisory role for Musk in a second Trump administration, as well as financial contributions to a pro-Trump political action committee. While Musk denied committing to a $45 million monthly donation, he acknowledged that he would be making contributions at a lower level.
Trump’s criticism of Biden’s policies supporting EVs, such as tax incentives and funding for EV chargers, has been a focal point of his opposition to the current administration. Despite his reservations, experts suggest that maintaining tax credits for EVs could benefit Tesla, as the company relies solely on EV sales.
While Trump’s support for EVs may be influenced by his relationship with Musk, his broader efforts to appeal to autoworkers and blue-collar workers in the Midwest also play a role in his evolving stance on the issue. As the debate over EVs continues, it remains to be seen how Trump’s shifting position will impact the future of the industry.