Trump Wins Again: What His Presidency Means for Car Buyers and the Auto Industry

by AutoExpert   |  14 November, 2024

Share :

Just wrapped up another election, folks! And with President Trump back in the saddle after a nail-bitingly close win over Kamala Harris, it’s time to talk about how his policies might shake things up for car buyers and the auto industry at large.

Trump’s a known car guy, but running a country? That’s a whole different ballgame. His administration’s decisions could steer the auto industry in new directions, impacting everything from car prices to what powers your ride. Let’s unpack what his presidency could mean for your next car purchase.

Trump

Fossil Fuels: Pedal to the Metal

Trump isn’t exactly cheering for the green energy movement. He’s all about cranking up fossil fuel production and rolling back any rules that push for emission cuts. This move could mean more gas guzzlers on the market and fewer incentives for cleaner, greener cars.

EVs: Pumping the Brakes

Electric vehicles are under the spotlight, too. While the Biden administration was all about pushing for more EVs on the roads, Trump’s team might put the brakes on that. They’re not fans of mandatory EV sales or funding for charging stations, which could slow down the EV revolution.

Trump

Tariffs and Trade: The Price Tag Twist

Talking about making things in America, Trump loves his tariffs. By slapping extra costs on foreign cars and parts, he hopes to boost U.S. car sales. But there’s a catch—this could also crank up prices for all those high-tech components that modern cars rely on, like electronic chips. Remember the auto industry struggles during the pandemic? Yep, prices might hike up again.

China and Trade Wars: Shifting Gears

Trump’s not too keen on Chinese products, which could throttle back some of the competition in the EV market. Fewer imports from China might mean less pressure on U.S. makers to keep prices low. However, Trump has shown some flexibility here, supporting Chinese car production stateside.

Trump

Musk and Moves: An Electric Plot Twist? Now, here’s where it gets interesting. Despite Trump’s tough talk on EVs, he’s chummy with Tesla’s Elon Musk, who’s a big supporter. This bromance could mean good things for Tesla and maybe the EV market if Trump decides to back Musk’s vision.

What’s Next for Car Buyers?

So, if you’re planning to buy a new ride soon, here’s what you might see:

  • Higher Prices: Thanks to tariffs and a possible slowdown in the EV push, both electric and imported cars could see price tags go up.
  • More Gas Cars, Fewer EVs: With a focus on fossil fuels, expect more traditional cars and maybe fewer electric models rolling out.
  • Regulatory Changes: Trump could shake up how electric cars are regulated, maybe even adding new costs for EV owners.

Trump

Trump’s policies could turbocharge U.S. car manufacturing and maybe keep some jobs secure, but they might also mean paying more at the dealership. It’s a mixed bag and, like any policy shift, will take time to unfold. Keep your eyes peeled and your budget ready—your car buying experience might just get a lot more interesting.

Recomended:

Why BMW and Subaru Shun V6 Engines for Distinctive Alternatives - Photo
Others
Why BMW and Subaru Shun V6 Engines for Distinctive Alternatives

Did you know that amidst all the automotive giants who've played around with V6 engines, BMW and Subaru have stayed clear from them in their road cars? Yep, while you can see V6s powering up some

AutoExpert
2008 Maserati GranTurismo: The Overlooked Italian Masterpiece - Photo
Others
2008 Maserati GranTurismo: The Overlooked Italian Masterpiece

Let’s chat about a hidden gem in the sports car world that doesn’t get nearly enough spotlight—the 2008 Maserati GranTurismo. Unveiled back at the 2007 Geneva Motor Show, this ride w

AutoExpert
Top 9 Targets for Car Thieves and How to Protect Your Ride - Photo
Tips & Tricks
Top 9 Targets for Car Thieves and How to Protect Your Ride

Whether you’re cruising around in a shiny new ride or rolling in your trusty old clunker from the early 2000s, there’s one thing you’ve gotta watch out for—thieves. It's no

AutoExpert
Maserati Aims For Revival With Italy-Exclusive Grecale Alba Edition - Photo
Car News
Maserati Aims For Revival With Italy-Exclusive Grecale Alba Edition

Maserati has faced serious setbacks this year, including a 60% sales drop and some pointed critiques from Stellantis CEO Carlos Tavares. Now, the Italian brand is hoping to revive interest with the Gr

AutoExpert
VW ID.Buzz Cargo Gets A Sporty Makeover With New Styling Package - Photo
Car News
VW ID.Buzz Cargo Gets A Sporty Makeover With New Styling Package

VW has introduced a sporty customization option for ID.Buzz Cargo buyers looking to stand out, even without opting for the GTX flagship trim. This new accessory package focuses purely on style enhance

AutoExpert
2025 Volkswagen Golf R And GTI: More Power, New Tech, And Goodbye To The Manual - Photo
Car News
2025 Volkswagen Golf R And GTI: More Power, New Tech, And Goodbye To The Manual

The 2025 Volkswagen Golf R gets a power boost this year, bringing it up to 328 horsepower thanks to its turbocharged 2.0-liter four-cylinder engine—13 hp more than the previous model. All-wheel

AutoExpert
2026 Honda Passport TrailSport: Honda’s Most Rugged SUV Yet - Photo
Car News
2026 Honda Passport TrailSport: Honda’s Most Rugged SUV Yet

Meet the all-new 2026 Honda Passport, which Honda claims is its most rugged SUV yet. Particularly in the TrailSport trim, Honda has added some serious off-road upgrades like an off-road-tuned suspensi

AutoExpert
EV Showdown: Non-Tesla Brands Lead in Customer Satisfaction - Photo
Others
EV Showdown: Non-Tesla Brands Lead in Customer Satisfaction

Big news from the electric vehicle scene! Turns out Tesla hаs some serious competition these dаys. According to the latest J.D. Power survey, other cаr brands like Ford and GM are actually making Tesl

AutoExpert
Ensure Safe Driving: Why Checking Used Car Airbags is Crucial - Photo
Others
Ensure Safe Driving: Why Checking Used Car Airbags is Crucial

Looking for a used car? Here’s a heads-up you’ll want to take seriously: check those airbags. Seriously, it’s not just about low mileage or a shiny exterior. It’s about making

AutoExpert