President-elect Donald Trump won the presidential election on November 5, 2024, and has been confirmed to become the next president of the United States. His presidency is expected to lead to major changes in U.S. automobile-related policies, particularly import tariffs and regulations pertaining to electric vehicles (EVs). He has already expressed his ideas on the issue consistently throughout the campaign and up to the present following his election.

  In the U.S., since the beginning of 2024, against the backdrop of the growing China threat debate, the Biden administration has introduced additional measures, including a 100% tariff on Chinese-made EVs and the exclusion of EVs with Chinese-made batteries from U.S. tax credits. President-elect Trump, who is committed to reviving the U.S. auto industry, has announced not only stronger countermeasures against Chinese products, but also a policy of additional tariffs on friendly neighboring countries such as Mexico.

  In addition, the current Biden administration's signature decarbonization-related policy has also shifted, and there are reports that the administration is considering abolishing tax credits for purchasing EVs, raising concerns that the trend toward electrification in the U.S. will take a major step backward.

  President-elect Trump's official inauguration as president is on January 20, 2025, but many concerned governments and companies in various industries around the world are already expressing opposition and vigilance, and are actively considering countermeasures and systems.

  This report will examine the policies that Trump and his transition team have put in place so far and reported developments related to automotive policies, as well as summarize the main reactions of countries and companies that are expected to be affected by these policies.

  In addition, this report will also review the key points of policies and regulations currently in effect (December 2024) regarding tariffs and EV purchase subsidies in the U.S.

Related Reports:
Trump Speech in Detroit (Oct. 2024)
Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024)
Electric Mobility in the USA (Jan. 2024)
U.S. Market: BEV Sales Ratio 7.5%, with over 20% in California (Nov. 2023)
Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases (Jun. 2023)