Michigan’s auto industry is still optimistic despite Trump’s cancellation of Biden Electric Cars: “Investments have not been spent badly” – Ford Motor (Nyse: F), General Motors (NYSE: GM)

Michigan’s electric car industry maintains an optimistic view despite the recent changes in the policy announced by the president Donald Trump.

Trump’s executive order aims to cancel the “mandate” of electric cars that may affect the president Joe BidenOur goal is to be 50% of new car sales in the United States electric by 2030.

What happenedMichigan stands as an important player in the electric car sector, where more than $ 27 billion has been invested in electric car projects, exceeding $ 26.6 billion in Georgia. The state is home to many supply companies and auto manufacturers, including General Motors Company General MotorsWhich runs the Zero factory in Detroit.

Despite the shifts in politics, industry figures such as car dealer Eric Fressi and Ray Smith, who runs an electric cars training program, stress the importance of continuous progress in the electric car sector, according to to Report by the Associated Press.

Frehsée has invested in the infrastructure of electric vehicles in its agency, while Smith focuses on training future technicians.

“I think the investments have not been spent badly. I think this is still the direction in which we are going.”

Some car manufacturers such as Stellantis Nevada StlaThey adapt to policy changes, while others love Ford Motor Company FIt has not yet commented. The electric car market faces challenges, including canceling the tax exemption worth $ 7500 and temporarily stopping financing for electric car charging stations.

Why does it matter?The cancellation of the tax exemption of $ 7,500 on electric vehicles can significantly affect the ability to withstand the costs of electric vehicles for consumers. This credit is currently benefiting from several models Tesla Company Tsla Ford.

The removal of this credit may lead to a decrease in sales, as we have seen in other areas where similar incentives have been canceled.

In addition, Reivian Motors Company Riffen CEO Merje J. J. Old car manufacturers have warned of the lack of investment in electric vehicles due to policy changes.

He believes that although these transformations may constitute short -term challenges, they should not prevent long -term investments in the electric car sector.

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Slip: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga.

Small photo: Stradoc