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Wednesday, 11 November 2020 23:08

Tesla and How President-Elect Biden Could Help the Automaker’s Cause

Written by Joey Klender, Teslarati

Index

After the U.S. citizens chose to forgo incumbent Donald Trump’s second term in favor of a new president, Joe Biden will take office in early 2021.

A new president means new goals, new changes and new policies, all of which will eventually affect the companies that choose to do business here.

 

Being one of those companies, Tesla will feel the effects and changes of the change in tone from Trump’s White House to Biden’s, and several of them are sure to help the electric automaker.

 

Biden’s strong plan for clean energy and providing American workers with automotive manufacturing jobs will surely benefit the Tesla mission. In Biden's “Build Back Better” policy goals for clean energy, car companies who tend to lean toward manufacturing electric cars, which are better for the environment, will receive more benefits than those who are focused on gas and diesel-powered engines.

 

In an article from CNBC, a list of Biden’s potential Tesla-helping terms were listed, which included, but were not limited to:

 

  • Building out electric vehicle charging infrastructure, adding at least 500,000 more charging stations in the U.S.
  • Creating 1 million new jobs in the U.S. auto industry alone
  • Working with states to create stricter emissions guidelines for internal combustion engine vehicles
  • Giving rebates, reminiscent of the bygone Cash for Clunkers program, to consumers who trade in less-efficient vehicles for newer, greener cars made in the U.S.
  • Increasing battery related research and development, domestically

 

Tesla could potentially benefit from the increase in automotive jobs simply due to the influx of employment opportunities that could be provided through the government’s suggestion.

 

While most of these jobs will likely be provided by large-scale car companies like Ford and General Motors, who are working toward adopting electrification for their vehicles...


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