A coalition of 42 automakers, including Ford and General Motors, has made an appeal to President-elect Donald Trump, urging him to maintain the current electric vehicle (EV) policies set by the Biden administration. Led by John Bozzella of the Alliance for Automotive Innovation, this group seeks stability in emissions standards and EV tax incentives, arguing that sudden changes could disrupt their planning and investment strategies.
Major automakers were asked for their views. Both Ford and General Motors have expressed their support for the letter, while Stellantis has shown its readiness to adapt to possible policy shifts, pointing out its flexible platforms that can support different powertrains.
The letter highlights the industry's need for consistent and predictable regulations to capitalize on past investments in EV research. Automakers are concerned about policy fluctuations that could render future-ready designs obsolete or give an advantage to internal combustion engines through new subsidies.
Furthermore, there's worry about the potential loss of the $7,500 EV tax credit from the 2022 Inflation Reduction Act, which is essential for staying competitive. Unlike most automakers, Tesla, which is not part of the Alliance, supports eliminating the credit, anticipating tough times for competitors if it’s removed.
By advocating for stable EV policies, automakers express their need for continuity to safeguard substantial investments and forward-thinking designs. This stability is vital for the industry's adaptation to future energy landscapes.
