RE:RE:RE:Rock Stock Channel with Howard Klein Newly sworn-in President Donald Trump in his inaugural address highlighted several executive actions he said will take, including rolling back clean energy initiatives.
“With my actions today, we will end the Green New Deal and we will revoke the electric vehicle mandate, saving our auto industry and keeping my sacred pledge to my great American auto workers,” Trump said to applause. “In other words, you’ll be able to buy the car of your choice. We will build automobiles in America again at a rate that nobody could have dreamt possible just a few years ago.”
He went on to thank auto workers for their “inspiring vote of confidence.”
“We did tremendously with their vote,” he added.
With no federal incentives in place now will be up to individual states to roll in any environmental policies. And as I have pointed out many times, legacy automakers refuse to learn how to make EVs profitable and will stick to what they have. So much for the diversified North American EV industry. You will have only Tesla that will twist arms to get cheap materials but that was Musk's plan. One must be a magician to be able to pull a deal in such an environment and as far as I know, there are no magicians at CRE's management team :)