Trump's trade and environment policies are a disaster for carmakers
18 days ago
- #US policies
- #automotive industry
- #EV market
- Rivian reported disappointing Q2 2025 results, missing gross profit and projecting a larger loss than expected.
- Lucid also underperformed, missing analyst estimates and reducing its car production forecast for the year.
- Both companies blamed US government policies under President Trump, including the rollback of EV incentives and environmental regulations.
- Key policy changes include the elimination of the $7,500 EV tax credit, clawbacks on EV infrastructure funding, and relaxed fuel efficiency fines.
- Tariff changes under Trump are disrupting North American auto manufacturing, affecting supply chains across the US, Canada, and Mexico.