As expected, although Trump has not yet taken office, the wind has already been let out. After Trump takes office, the new US government plans to abolish the tax incentives for purchasing electric vehicles.

Affected by this, the US stock market's electric vehicle sector has already fallen sharply. On the day the news broke, Rivian plunged 14.3%, Nikola plunged 22.76%, etc.

This means that the subsequent development strategy for electric vehicles in the United States will be greatly affected by this.

According to Trump's plan, the United States will still increase its oil production. He believes that there is no need to develop expensive clean energy, and using oil to reduce consumer costs is the most important thing.

Considering that Trump is not only the president, but also the Republican Party he belongs to will simultaneously control both houses of Congress, the revision of this relevant bill will be easier to pass in Congress, which means that the cancellation of electric vehicle subsidies is basically a done deal.

Once this policy is implemented, the global new energy vehicle industry will be affected, and China will become a hotly contested battleground for automakers.

On the one hand, the Trump administration will certainly become even less welcoming to Chinese electric vehicles entering the United States and will formulate stricter tax policies.

It's not just aimed at China; the US electric vehicle strategy will also target Mexico. The United States expects to impose additional tariffs on electric vehicles imported from Mexico in the future.

Previously, many automakers have entered the US market through Mexico. Once entering the US market from Mexico is also blocked, Chinese automakers and even other global electric vehicle manufacturers' plans to build factories in Mexico will also be stranded. In fact, many Chinese automakers that originally planned to build factories in Mexico have already canceled their plans, which is the best example.

Similarly, to protect domestic automakers, the United States will most likely impose additional tariffs on imported cars from the European Union, Japan, and South Korea.

Trump believes that to develop the automotive industry, it is necessary to force these automakers to build factories in the United States by raising tariffs, turning German and Japanese automakers into American automakers. Therefore, almost all automakers worldwide will be affected.

So what should everyone do? Of course, everyone can only turn their attention to the Chinese market. Especially for everyone's electric transformation, it will inevitably be placed in the Chinese market and cannot be placed in the United States or other places.

It can be expected that in the future, whether it is Japanese, German, or Korean automakers, they must maintain their scale in the Chinese market and actively transform, otherwise, their situation will become increasingly difficult.