Trump could slow but can’t stop EV shift, industry says

By Mike Lee | 11/05/2024 06:16 AM EST

The last few years have seen a rapid expansion of electric vehicles. There are now more than 100 EV models available in the United States.

President Joe Biden speaks on Nov. 17, 2021, during a visit to a General Motors electric vehicle assembly plant.

President Joe Biden speaks on Nov. 17, 2021, during a visit to a General Motors electric vehicle assembly plant. Evan Vucci/AP

The electric revolution that’s swept the car business in recent years isn’t going away — no matter who wins the White House, industry officials say.

But former President Donald Trump could slow it down if he beats Vice President Kamala Harris and uses a second term to undercut the support the Biden administration has steered to the electric vehicle sector.

“The last three years have been transformational in a lot of ways,” said Albert Gore, executive director at the Zero Emission Transportation Association, which represents EV-makers.

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During the Biden administration, automakers invested billions of dollars to build new battery plants and retool their factories for electric vehicles — a shift that’s due in part to provisions that were included in the 2022 Inflation Reduction Act.

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