President-elect Trump has proposed a number of policies that could impact the auto industry in his second term, and insiders say they are optimistic about the potential changes.
President-elect Trump's return to the White House will no doubt bring changes to the automotive industry, as he has vowed to roll back many of the Biden administration's policies and replace them with his own. While some of Trump's 2.0 agenda will be familiar from his first term, he added some planks to his platform during the last campaign that could reshape parts of the sector.
think most of us have been screaming from the rooftops a little bit that we can't force this EV transition," Kunes said. "And while we want to be good partners with our manufacturers, and we want to provide our consumers what they want, the administration forcing this EV transition – not only on the manufacturers, but us as dealers – has had a pretty serious detrimental effect to our business.
Reuters reported last week that Trump's transition team is looking to get rid of the $7,500 federal tax credit for EVs enacted during the Biden administration. But Kunes hopes Trump will keep those incentives in place, so dealers can continue to push the EV vehicles that are already on their lots.
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