It certainly doesn't strengthen it! However, the losses traditional OEMs are taking cannot be sustained and they're moving away from EVs anyway. Along with Trump's "drill, baby, drill" opening up resources, we will see lower fuel costs. When? Yeah, that's not answerable at this time. Cheap gas will hurt EV sales. Let's recap:
- Removal of EV manufacturing mandate (California probably won't change their mandates right away) by Executive Order
- Manufacturers losing money due to incentives on EVs - the bulk of current EV sales are due to them being cheaper than ICE vehicles
- Cheap gas on the horizon will popularize larger ICE vehicles
I don't see a short-term future for EVs as we knew under the past administration. On January 3rd, 2023 (2 years ago) a thread was started about how long EVs will last at the production level they were ramping to then.
Details around the EV credits have not come across my news cycle yet. I'd bet the only thing that is going away are the manufacturing mandates.
