Electric-Vehicles Future Hinges on Election Results, Beacon Says

The electric car industry faces new political risks, with the future of EVs “highly dependent on the results of the election later this year,” according to Beacon Policy Advisors.

• Republican car-buyers are shunning EVs as candidates condemn Biden’s marquee initiatives, Beacon says. The shift “could upset the established order of car-makers”
• If Republicans sweep the White House, the Senate and the House in November, they may pick apart the Inflation Reduction Act (IRA) and the environmental regulations acting as the government’s “forcing mechanism to prod industry along”
• On the other hand, a Biden re-election “would more or less preserve the ...