From CNBC: 2024-10-29 13:00:01

The automotive industry plays a crucial role in the 2024 presidential election, with Michigan’s swing state status and 1.1 million automotive jobs at stake. Candidates like Kamala Harris and Donald Trump are focusing on issues such as electric vehicles, trade, tariffs, China, emissions regulations, and labor to win over voters.

The outcome of the election will have a significant impact on automakers, suppliers, and EV startups. The policies of a Harris administration are expected to be more business-friendly but may raise concerns about union influence. Meanwhile, a potential Trump reelection could lead to aggressive actions on emissions regulations and fuel economy standards.

Emissions regulations for 2026 model year vehicles are a key concern for automakers, with California and other states adopting zero-emission vehicle mandates. The industry is preparing for potential changes in regulations and incentives for EVs, depending on the election outcome.

Trade, tariffs, and China are also top issues for the automotive industry, with both Trump and Harris expressing intentions to review the USMCA trade deal. Tariffs could impact Chinese automakers looking to expand sales in the US. Harris has criticized Trump’s tariff proposals, while automakers are closely monitoring potential changes in trade policies.

Labor is another critical issue in the automotive industry, with concerns about increased power for organized labor under a Harris administration. The UAW’s support for Harris and concerns about union influence are key factors in the election. The outcome will have a significant impact on blue-collar workers and the future of the industry.



Read more at CNBC: Auto insiders on both candidates, top issues