How Will EVs Be Affected By The 2024 Election Results?

[@BillSpohn]

Well done! You put a lot of thought into this. Kudos!

[@Aslash304]

Thanks for watching!

[@mikeadams9302]

We still have our FOO at home, sitting in our garage while we had to relocate to the Netherlands for work. The adoption of EV's and the infrastructure for public charging is so much more advanced than in the US.

[@Aslash304]

100% correct. It’s the Wild West out here. Literally and figuratively

[@patrick7228]

Great video. I think my main concern is Tesla becoming the only game in town again. With Elon turning so many liberals off, and so many conservatives not interested in EV's, legacy auto will feel zero pressure to be competitive in the ev space. There just won't be as much financial pressure on them to do so. I don't think they will be worried anymore about EV's taking over, especially if Tesla volume isn't increasing as much as in the past, due to prior supporters not wanting to be associated with them.

[@Aslash304]

Great points. This is definitely a worry

[@teddybear5429]

Why would anyone buy Tesla after Elon Musk turned into a lying fascist? Plenty of options out there. Unless Elon suffocates them all with tariffs by his buddy Donald. Welp.

[@brokeboy87]

I am apprehensive about the next 4 years.

[@Aslash304]

A totally legitimate reaction.

[@t1328]

Apprehensive is a major understatement for me. I’m scared sh€%less.

[@ericgregori]

I am incredibly excited about the next 4 years. Biden's petty war on Musk is over, maybe now we can get some real EV leadership involved.

[@Mister-Whiskers]

I couldn’t be more excited for this country!!🇺🇸

[@mauriceschoenen]

If it is only four years…

[@khalilshahyd9063]

The cognitive dissonance among telsa owners and musk fan boys in this election was amazing. But in truth, maybe they just don't care that tesla will be the only EV option consumers have.

[@Aslash304]

Great observation! We have one in the garage. Love the car. But would like to see as many options as possible.

[@ericgregori]

If Musk had only wanted to crush the competition, he would not have opened the Supercharger network to everyone. Other countries have removed their EV subsidies and EV sales remain strong.

[@khalilshahyd9063]

​@ericgregori because he's paid everytime people use his chargers. And he had to be forced to open it up. That's why the rollout has been so slow. My car has access, but I'll never use it.

[@tapetwo7115]

Well. I’m so glad as of last week I put my Tesla order in and got approved. Trading In my 30,000 plugin clarity hybrid. I was almost paid off but I rented a model Y and fell in love. I’m going to miss my clarity so much but I’m really excited to have a brand new model Y. Thank you for all your EV videos. I continue to watch them all the time and I feel like you’re one of the few that has real life experience to share with all the different cars you’ve tried and learned about on your own. Thank you so much.

[@Aslash304]

I really appreciate you sharing your experience. I did the exact same thing: Clarity for Y. Never looked back. Definitely feel free to keep me posted. I’d love to know how it goes. Thank you so much for watching, it means the world. Cheers!

[@teddybear5429]

Thanks for supporting Elon Musk financially. What could go wrong?

[@harry3471]

Agree with the one comment on ending the subsidies. But if you kept them the AGI limits shown pretty much do include every one other than the top twentieth percentile of households

[@Aslash304]

Great points! I appreciate you sharing this feedback

[@DaveDarin]

I was, recently, watching one of the other popular Fisker Ocean channels, will not mention names, he drove his daughter to college and drove himself back, an over 1000 mile trip. He gathered the cost and with Electrify America now being 54 or is it 56 cents/kWh I did the math and if he had a gas car that got 30mpg he would have saved nothing. In fact, if I remember correctly his Fisker charging cost was more expensive than gas and I did use the average price of gas/gallon at the time of his trip. Electrify America use to be 24 cents/kWh when I drove my BMW i3s from Pennsylvania to Arizona. Back then it was economical, plus the i3s REX has that gas engine which saved me a few times when electric charging was not convenient on my route. So, the cost of ownership is now questionable for longer distance trips. Locally, with home charging, it's still economical. However, tires and insurance absolutely add significant cost to EV ownership. I have 2 electric vehicles, 2020 BMW i3s REX and a 2023 Fisker Ocean One and I love them both but long distance trips are not as economical as they were back 4 years ago.

[@Aslash304]

4 years ago there was a global pandemic. Not a great “real world” example. Hard to duplicate a 50% discount on gas because the population is in a state of emergency.

[@timoliver8940]

We have no incentives in the UK and much of Europe now no longer gives incentives to buy one yet EV sales here continue to climb while the sales of ICE vehicles plummeted in October. According to the motor trade industry body SMMT EV sales were up about 23% also the sales of PHEVs and HEVs fell through the floor…………..

[@Aslash304]

Great to hear this. We are a few years behind UK in adopting EVs, but I’m optimistic it could play out in a similar way here in the US. Cheers!

[@timoliver8940]

@@Aslash304 In the U.K. from April 2025 EVs will no longer be exempted from paying our annual excise duty aka Road Fund Tax (it hasn’t funded road maintenance in many many years and just disappears into the Treasury bank account!) . While my Mini Countryman S E will go from paying a Zero rate (I actually had to go online last year and pay zero tax otherwise I could be stopped by ANPR cameras or a police car for not having paid zero!) to £160 p.a IIRC yet my sister’s 2017 Honda Jazz will only pay £10pa! Crazy as the Honda emits way more than my BEV Mini.

[@jonwall22]

​@@Aslash304 Few years is an understatement we got a lot of dummies in America. Politicizing EV cars is dum in the first place. The whole world is ahead of the game. China is going to be the world leader in Ev tech believe it since we got dummies coming into office lol.

[@t1328]

I think a big part of this is how high your petrol prices. Petrol here is so cheap, that while there’s no question there’s still a major saving, it’s not the same as in Europe.

[@jonwall22]

@t1328 The variability of Gas/Petrol is what gets people.

[@BryanA3115]

Im going with Rivian. American made and overall a good company.

[@greenwichjoe]

I like Rivian as well but they may not be here in a few years.

[@Aslash304]

Rivian is an adventure vehicle with a premium price. It does indeed have premium features. If you pay for them. Everything was standard on the Gen 1. Almost everything is a paid upgrade now.

[@BryanA3115]

@@Aslash304 that is true. I have a reservation for R2, so I'm waiting for that.

[@BryanA3115]

@greenwichjoe they had some Q3 misses but I think Q4 will be a turning point for them, especially as they have reiterated being gross profit positive in Q4. I am confident in their forecast and guidance.

[@teddybear5429]

Rivian is done

[@leootp22]

I'll be honest. I saw this pop up this morning and dreaded watching it initially. Some breakfast helped and I was interested in the information. Pretty spot on with a lot of this. My primary reason wasn't so much environmental, but certainly my wallet, so that makes sense. For some people an electric vehicle just does not work. For a lot of people I think it can. Funny enough, I was just remarking last week how the federal government hasn't been aggressive enough in making EVs a viable option for folks with investments in the right area. Lol, well we'll see how things go with even less now, but I don't think they are done.

[@Aslash304]

I really appreciate this feedback. I was reluctant to make the video as well. But I wanted to put it out to see if people were sharing any of my concerns. Thanks for watching!

[@jonwall22]

Isn't the EV credit within the inflation act? Which means they would have to remove it from law which would take at least a year or two. Could be wrong

[@Aslash304]

Correct. Could be a year a year or more.

[@jonwall22]

@Aslash304 Yeah they talk a big game but from what I've seen from their last term they usually can't get anything together. Furthmore, ACA has been on the table for years. But they can't find a replacement lol. They repeal it and all there supporters will suffer lol. We ain't talking Evs anymore my fault lol. I have a kid on the way in January and need a new car I'm going EV this spring or summer probably Blazer, RT2, or EV9 (Think they are made in GA now).

[@Aslash304]

@@jonwall22 I very much like the EV9. And congrats on the new addition to the family!

[@effingsix3825]

They ended any subsidy to buying an EV in Ontario. That being said, the major contribution to the auto industry is the Gordie Howe bridge, plus huge subsidy to Volkswagen and Honda to build batteries. 🤔 My guess is that domestic producers in the US are now favoured, where previously they were competing with Chinese products.

[@Aslash304]

Great feedback! Thanks for this. I hope EVs can continue to proliferate.

[@rmorales1029]

I think EV will continue to proliferate…..there is no going back!

[@effingsix3825]

@ I don’t think ICE can hold a candle to EV technology.

[@t1328]

The strangest part of all of this is that as much as I love EVs, and love my Tesla, at this point, I absolutely hate Elon Musk after his actions over the last few months in particular, but frankly a lot longer than that. I couldn’t possibly recommend a Tesla to anyone now because it’s like recommending the purchase of an EV from a guy who is suddenly doing his utmost to get anti-EV politicians elected. I’ll recommend EVs, but they’ll be, like you suggested, from Ford, Cadillac, Hyundai and Kia, who just finished building their U.S. based factories.

[@Aslash304]

I felt this one down in the gut. Well said. I 1000% understand your reasoning. Very well put

[@Jeff_vsr]

I’m the same. But it’s hard to find another EV that’s as good as teslas tech. Any other brand recs? How reliable is bmw?

[@MrHockey172000]

General Motors has some great EVs, the Bolt and Bolt EUV and the Equinox are wonderful vehicles.

[@ericgregori]

Elon Musk is so pro EV that he allows everyone to use his Supercharger network. Would you also recommend that no one use Tesla Superchargers? Trump is not anti-EV, he is against the $7500 subsidy. EV technology has progressed far enough that the subsidy is no longer required.

[@tapetwo7115]

Tesla is way more valuable than Elon Musk trolling. He’s just anti censorship do not be surprised if he flips again in a year or two. Once you sees there’s like 6 sides instead of just 2 then your third eye awakes 😂

[@jkaiserling]

While it seems to get better every day, the infrastructure needs improvement in a big way, still. Visiting my brother in Ontario, the other week, our drive with one of our Fisker Oceans (yes, we have 2) from South Carolina to Ontario was pretty good with the exception of West Virginia. I understand your video with your former Ocean, now. There were literally 2 GM dealerships along the way if I-79, with fast chargers...the first dealership's charger was down with a letter-sized paper stuck to the charger stating it may or may not work (it didn't). And yet, WVa was granted infrastructure funding from the Feds, specifically to build this up for EV transportation. Can we say a little corruption? Where did that funding go?? So yes, as we are the government, we need to continuously push the Big Machine to make sure that the funds are allocated to these transportation projects. The stations with just J-1772 connections are of no help to the traveler.

[@stephkent2736]

This. EVs will continue to be an option, and companies that see how the other major markets (EU, China especially) are going will continue to invest. NEVI and the rebates are law, but if NEVI goes away states like WV are off limits to many EV drivers. It will be interesting to see how much things like tourism boards and power companies impact EV adoption going forward.

[@Aslash304]

Thanks so much for sharing this experience! I have the same questions and concerns. For WV to build infrastructure, they have to request bids to do the building. They refuse to take this step. It’s a very poor experience as a result.

[@stephkent2736]

@ it doesn’t lead to a poor experience. It leads to me spending my tourism dollars elsewhere.

[@JDDevice]

They just have to be made in America.

[@Aslash304]

Yes. Under the current law, manufactured in North America with variable (changes each year) percentage of raw materials and battery components sourced from countries that are not “of concern.”

[@wardpaine8194]

Good info

[@Aslash304]

Thanks! And thanks for watching!

[@kevinandtoby2973]

What are your thoughts on the fact that the person that makes the U.S. EV's is creating agreements with most other companies that make EV's to have them on his charger system? And then we all use his chargers? That's a lot of money for him from those other manufacturers and from us that I'm thinking he'd want there to be an incentive to keep buying all EV's-----and he's buddies with the Pres elect so he'd have influence on having the Pres elect and upcoming gov't to keep the incentives and not tariff the heck out of EV's because of his profit?

[@Aslash304]

Great question: The reason other EVs need to charge on Tesla chargers is because the companies that make other EVs did not step up and build chargers. They didn’t get involved early and work with Tesla to adopt their standard. They didn’t want EVs to succeed. And by the time Tesla reached scale, Tesla had a network, and nobody was on board. The only reason other EVs could charge at all from 2016 til recently was because VW cheated so badly on emissions testing, that they were forced to build their own network as a punishment. Finally, it is my opinion that Elon makes much more money from the sale of a car than from a charging session, and if any CEO of any company could use legislation to lock out the competition, they would. And if I’m wrong, I’ll be the first to admit it. A sincere thanks to you for the well thought out and delivered questions. Cheers!

[@ericgregori]

@@Aslash304 If Musk wanted to lock out competition, he would never have invited them to use the Tesla charging network.

[@JRinNY]

Legislation enacted in New Jersey in January 2004 provides a sales tax exemption for zero emission vehicles (ZEVs), which are battery-powered or fuel-cell powered vehicles pursuant to the California Air Resources Board zero emission standards for the model year. On 6/28/24 the Governor, Phil Murphy (D) signed into law P.L. 2024, c.19 which repeals the sales and use tax exemption on sales of ZEVs. Beginning October 1, 2024, sales of ZEVs are subject to tax, and the exemption will be phased-out over nine months. The Biden Admin changed the tax credit to US made only. Why is it different when Dems take away or limit EV subsidies?

[@Aslash304]

The Original EV subsidy, passed in 2008 by the Obama administration, was going to run out for most automakers by the time the new one was passed. GM and Tesla had already lost the original EV tax credit when the Inflation Reduction Act was introduced.

[@JRinNY]

@@Aslash304you are correct it was 2008, but that is GW Bush who signed it into law. Obama didn’t take office until 1/20/2009. And you just proved my point, it is a misconception that Republicans are against EVs and Democrats are always pro EVs. For the record, I own a FOU and consider myself conservative and reasonable.

[@Aslash304]

@@JRinNY I Appreciate the conversation. If we are being accurate, congress voted and passed these laws. The presidents only signed them. The Sponsor of The Energy Improvement and Extension Act of 2008 was Charles Rangel. And you’re right, Obama didn’t enter office until 2009. And, if we’re being accurate regarding the inflation reduction act, There was absolutely no Bi-Partisan support for it. Joe Manchin was able to gut the original bill because not even one Republican would vote for it, so he got to add and change to his will because he was the deciding vote. And since you were kind enough to share, I am a registered independent, and I try my best to vote based on policy, not party.

[@KlemensEV]

I bought my first EV in 2019. Trump gave me $7500. I am sure they will still be there….but limitations on the rebate may change…

[@Aslash304]

I’m rooting for exactly this.

[@mikeintampa250]

I have been worried about 7,500 going away for quite a while now and the election got me even more worried about it. But with Elon possibly in a cabinet position or at least having Trump's ear, maybe there's hope that there will not be an oppressive effort to thwart EV adoption.

[@Aslash304]

I’m very curious to see what happens with the credit as well.

[@ryansherman4556]

Hyundai and Kia have no tax credit and their ev sales are doing great. Rivian sales have been doing well. The tax credit is nice but it is not the end all be all.

[@Aslash304]

I appreciate this feedback. Yesterday I saw an advertisement for my local Hyundai dealership stating discounts for many models. One discount was a $7500 discount on all Ioniq 5 models.

[@ryansherman4556]

@ it’s either a lease or they are just giving the customer a discount to offset the tax credit. But cool either way. Thanks again

[@walterwareiii3164]

Hyundai and Kia are offering deal breaks equivalent to the $7500 to be competitive. If they didn't they would not be selling as well as they are. They are eating the costs now to keep a seat at the table in hopes to get more market share in the future. Kia is not building a EV-9 factory in the USA because the labor is better or cheaper. They are trying to get some of the tax break money as well. I own a EV6 and love it but I would not have gotten it if it didn't have a discount because I could not afford otherwise. The tax breaks are causing a ton of sales, especially with leases.

[@ryansherman4556]

@ thanks for the update

[@ericgregori]

The green argument for EVs does not resonate with Americans struggling to buy groceries. The $7500 subsidy for a $50K car does not resonate with Americans who cannot pay rent. Musk and Trump (and anyone listening to the public) know this. EVs are better than ICE in every way, except refueling infrastructure. If EV chargers were as abundant as gas stations, buying an EV (new or used) would be a no-brainer.

[@Aslash304]

Great points. Any thoughts on why the infrastructure is not as robust? I appreciate your feedback very much

[@memyselfundeye]

If they think they are struggling now, wait until orange einstein starts slapping tariffs on everything made overseas- or even on companies that dont bend the knee and kiss the ring. USA jumped the shark.

[@streetpharmacist]

I think you'll have at least a couple months in 2025 before they change anything

[@Aslash304]

Agree. A couple months sounds very accurate

[@Lightdog555]

I think it will go to 10k Elon needs to sell more cars and he is close to trump and they both are about revenue

[@Aslash304]

An optimistic and welcome perspective. Thanks for the feedback!

[@jonwall22]

Also, they won't just repeal these laws and bills because both the infrastructure and Inflation bill is helping the economy. Theyll have repeal and replace and that takes time. Like i said in the other replies we have a lot of dummies in america that includes congress and office.

[@Aslash304]

Time will tell. There is definitely red tape involved in passing legislation

[@rmorales1029]

@@Aslash304 they tried to replace Obama Care the last time and they didn’t have a plan in place. Just saying.

[@ericgregori]

I have not seen data showing that either of those bills is helping the economy.

[@jonwall22]

@ericgregori simple Google search

[@junehanzawa5165]

Nope. That's why Elon was on that side. Just to make sure.

[@Aslash304]

Thanks for your feedback

[@MondernMan]

Hmm, odd rant, a product needs have value to consumers. Cars are typically the 2nd or 3rd most expensive item people will buy behind a house and sometimes education so consumer are rightfully fussy with the purchase. Why EVs can be cheap on the used market is complex, suggesting owners not to sell a used EV to prop up the used market isn't going to catch on. I'm certainly not going to buy a GM or Ford to prop them up. Tesla earned my $ by being the best overall value (to me). I drive an EV simply because it's the best overall value & experience hands down and it's not even close. GM, Ford, VW, Toyota, etc... won't be as big in a few years, can't blame Trump or 'the Chinese' for that. They've had YEARS to adapt and have chosen not to. One more thing, liberals need stop whining about Elon & Tesla. Tesla is the ONLY western auto maker to figure this out.

[@Aslash304]

Agree. Without Tesla there is no EV market. It’s also the best performing, most reliable, most mature, and most affordable product. Tesla will earn my next EV purchase as well based on the current options and pricing. I also think that no one individual can control the Used market. I included that bit to advocate for people who are upset by the results. Thanks for the objective feedback.

[@ericgregori]

100% agree! If you love EVs, it makes no sense to hope for Musk to fail, or to not recommend Tesla.

[@vwR32mja]

I HOPE TRUMP GETS RID OF ALL EVS!!!!! AWAY WITH THE CRAPPY EV MARKET!

[@Aslash304]

I appreciate the caps lock.

[@melvinholland9656]

The tax credit should be ended. We've become a nation of handouts. We're 35 trillion in debt and no one seems care...for now. I'm OK with purchasing my next EV without the credit. Germany ended credits in 2023 and the adoption slowed but still grows. I agree, the wining argument is economic, not climate. EVs have to become the clearly cheaper alternative. Parity is not a driver. Adoption will grow or die with Tesla. Access to the SC network keeps EVs alive. The legacy manufacturers lose too much money on each vehicle sold.

[@Aslash304]

Extremely good points here. Tesla, SC Access, Legacy profits. Well said

[@stephkent2736]

You know that flood insurance is mainly government backed, and has had billions and billions in debt, including 16B in cancelled debt and another 21B in debt they are trying to get canceled before the storms in 2024... I'm not one for more government dumb spending, but if we spend 7500 now on an EV, how much in future natural disaster damage will we be mitigating and is the juice worth the squeeze?

[@rmorales1029]

We are a nation of handouts and yet we still continue the decades of subsidies for the O&G industry! $7500 credit to get EV adoption is nothing compared to what the taxpayers have given the O&G industry.

[@Aslash304]

@@rmorales1029 100% accurate. $20+ Billion a year from the US alone

[@melvinholland9656]

@@rmorales1029 It's that kind of specious logic that got us into this hole. The point is we need to stop all handouts and subsidies. My state just passed a law to end sales tax on diapers. Let someone else make up the delta. it's an entitlement society these days.

[@hairyporter6736]

Would like to laugh at you 'muricans but last night our (partly green) government broke up 😅

[@Aslash304]

We deserve a laugh here and there. What happened with your government?

[@hairyporter6736]

​​@@Aslash304Long story short: Coalition of Social Democrats, Greens and Liberals. Liberals have blocked everything to protect ICE car manufacturers. Heat pumps are the devil etc. So soon the conservatives and or Right-wing extremists in power or have no stable government t all. Who knows... Cheers from Germany and thanks for your videos 👍🏻

[@ralfstahlmann5331]

You are ignoring that Elon Musk has been a major supporter in the Trump campaign. I doubt that Trump will touch the EV support .He might actually do the opposite and further it.

[@Aslash304]

He has stated the opposite, but time will tell. Thanks for your feedback