Dem
47
GOP
53
This morning, The New York Times opened with a story headlined: "How Trump Could Upend Electric Car Sales." What he could do is end the $7,500 federal tax credit on electric vehicles. Some estimates project that eliminating the subsidy could cause sales to drop by 27%. This calculation is based on the experience of other countries that had subsidies and then dropped them.
What we find interesting here is whether Trump, who detests electric cars simply because Joe Biden and the Democrats like them, will follow through and kill the subsidy. In particular, we think this issue will lead to some fun discussions between Trump and Elon Musk, who might well have some ideas on this subject. It could serve as a test case of exactly how much power Musk really has and could lead to a falling out between the two gigantic egos if Trump tells Musk: "I am the president and you are not." (V)