Elon Musk has been the most vocal and influential supporter of Donald Trump. And yet, the President-elect has already announced his intention to end aid for the purchase of electric cars. What a priori could be a hard blow for Teslais actually the brand that has the most to gain from this movement.
Trump reiterated on several occasions that he would end the “mandate” of electric cars “on day one,” in reference to the proposed emissions standards which President Joe Biden’s administration had softened four months earlier. And that is a problem for all brands that sell electric cars, except for Tesla, which does not need aid to survive. In fact, Elon Musk himself supports the measure. “Take away the subsidies”, Musk posted in July on X, the social network of which he is the owner. “It will only help Tesla.”
Tesla does not depend on aid to generate profits
The fact that Trump wants to end all kinds of aid for the purchase of an electric car could go against the brand of his friend Elon Musk. After all, Tesla has benefited throughout its existence from pro-electric car aid and regulations.
Even today, their cars are more affordable than ever thanks to rental discounts of up to $7,500 for the purchase of an electric car, under the Biden Inflation Reduction Act.
Obviously, the withdrawal of this aid would affect Tesla, but it would not be as catastrophic as for other brands, they explain from the Financial Times. Tesla is a manufacturer that generates profits by exclusively selling electric cars, while its rivals have been able to minimize their losses thanks to those tax deductions to consumers worth up to $7,500.
For most manufacturers, especially Americans (Ford, Stellantis and General Motors), the sale of electric cars is not profitable, it is still an activity in which the return on investment is negative. GM CEO Mary Barra, for example, claimed A few weeks ago, GM would make profits for the first time with electric cars at the end of the year. They lose money. Opposite, Tesla has been generating profits since 2020with or without purchase aid.
Purchase aid is subject to the car having the maximum number of American components, manufactured on American soil, or in some cases, coming from an allied country. In any case, they cannot equip Chinese-made elements.
The problem is that many electric cars have too many Chinese components to qualify for purchase aid. But, because there is always a but, the restrictions do not apply if the car is rented. Thus, thanks to renting o leasingwhich also usually guarantees the greatest possible credit, the Manufacturers manage to launch their electric cars which would otherwise remain too expensive for the public.
Most brands have thus become dependent on renting to sell their cars, with a more or less attractive price for the public while maintaining the high price of the car and thus limiting losses.
Find your ideal electric car
You may be considering change your diesel or gasoline car for an electric one. So that you have all the information possible, we have created the Motorpasión Electric Car Recommendator where, in addition to showing you the electric cars that best suit your needs among all those on the market, we also answer all those questions that may arise when making a purchase. the change.
Source: www.motorpasion.com
