Additionally, the administration may target consumer-friendly mandates such as the Inflation Reduction Act's subsidies for electric vehicles and infrastructure. While Tesla has already utilized its federal subsidies, CEO Elon Musk acknowledges that ending these subsidies could harm competitors more than Tesla. However, the administration may face challenges in altering California's emissions standards, which have been upheld since Trump's first term.
Key takeaways:
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- The Trump administration may eliminate a requirement for automakers to report self-driving car crashes as part of a 100-day automotive policy strategy.
- Elon Musk, a member of Trump's inner circle, is involved with the new Department of Government Efficiency, though his role in the strategy is unclear.
- Tesla accounts for a significant portion of self-driving crash reports, and the removal of the reporting requirement could benefit both Tesla and other automakers.
- Consumer-friendly mandates, such as those from the Inflation Reduction Act supporting electrified vehicles, are at risk under the new administration.