Trump May Appoint Tesla CEO Elon Musk To Cabinet If Re-Elected, Signals Possible Elimination Of EV Tax Credit

The former president also discussed potential changes to auto industry policies, including measures to discourage vehicle exports from Mexico and prevent Chinese automakers from establishing plants there for the U.S. market.

Aug 20, 2024 - 11:30
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Trump May Appoint Tesla CEO Elon Musk To Cabinet If Re-Elected, Signals Possible Elimination Of EV Tax Credit

Former US President Donald Trump has hinted at the opportunity of appointing Tesla CEO Elon Musk to a cupboard or advisory role if he secures victory within the upcoming US Presidential Elections. Trump, who's presently running as a Republican candidate, discussed his views on electrical auto (EV) tax credits and potential cabinet preferences all simply by a most as much as date interview in York, Pennsylvania. Expressing reservations about the latest $7,500 tax credit for EV purchases, Trump voiced skepticism, mentioning that ‘Tax credits and tax incentives should not extensively a definitely good thing.’ He urged that if he had been to be re-elected, he would evaluation this coverage.

Trump additionally spoke positively about Tesla CEO Elon Musk, who presently definitely essential him. When asked if he would recall Musk for an advisory or cabinet target, Trump spoke lower back affirmatively: “He’s a definitely good guy. I entirely would, if he would do it, I entirely would. He’s a unprecedented guy.”

Involving his stance on electrical vehicles, Trump clarified, “I’m now no longer making any final choices on it. I’m a tremendous fan of electrical vehicles, but I’m partial to fuel-propelled vehicles, and additionally hybrids and one thing else occurs to come alongside.”

The former president additionally discussed potential changes to auto pastime insurance plan policies, including measures to discourage auto exports from Mexico and presents up Chinese language automakers from organising vegetation there for the U.S. market. He explained, “In the event you put tariffs on these vehicles, they’re going to make it unprecedented here. It’s largely essential. It’s now no longer perplexing. In the event you tell Mexico, ‘seem, you’re stealing our auto pastime,’ which they’re doing now.”

Trump expressed openness to foreign automakers building vehicles within the U. S., mentioning, “We’re going to existing incentives, and if China and other international locations hope to come unprecedented here and promote the vehicles, they’re going to construct vegetation unprecedented here, and that they’re going to employ our laborers. We can make our inner most vehicles. I hope to make our inner most vehicles.”

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