One of the most impactful presidential elections in United States history has just happened, with the Republicans taking the White House. In this special report, S&P Global Mobility looks at issues specific to the auto industry and how the election outcome will impact issues important to the auto industry. These include 2028+ federal emissions and fuel economy regulations, Inflation Reduction Act funding, Mainland China sourcing tariffs, the USMCA, and more. 

Download the report to read our full analysis.

Key takeaways:

• Under the new Republican administration, significant delays and potential rollbacks of stringent federal emissions and fuel economy regulations (set for 2028 and beyond) are expected. This could create a more flexible regulatory environment, focusing less on aggressive electrification and more on internal combustion engine (ICE) solutions with mild electrification.
• The Republican-controlled White House may push to cut IRA funding, impacting consumer incentives for electric vehicles (EVs) and zero-emissions heavy-duty vehicles (ZEVs), as well as manufacturing investment support.
• Both Republicans and Democrats have supported tariffs on Chinese-made BEVs and automotive technology due to national security concerns. However, under a Republican administration, there could be increased efforts to encourage Chinese automakers to build plants in the US to avoid tariffs, potentially reshaping the competitive landscape.
• A Republican-led White House is expected to push for revoking California’s waiver to set its own emissions standards. This could lead to further uncertainty and potential legal battles.
• The regulatory uncertainty, especially around emissions and electrification standards, is causing delays in product planning and development for automakers and suppliers. The lack of clear guidance makes it difficult for the industry to commit to long-term investments, potentially slowing the pace of innovation and affecting the availability of new vehicle technologies in the market.

Please CLICK HERE to download the Report.