Election 2024: What a Trump or Harris presidency could mean for the U.S. auto industry – CBT Automotive News

The upcoming 2024 election has the potential to greatly impact the U.S. auto industry, depending on whether a Trump or Harris presidency takes office.

If former President Donald Trump were to be re-elected, it could mean a continuation of his policies that focused on deregulation and tax cuts. This could potentially benefit the auto industry by reducing regulatory barriers and lowering taxes, allowing for increased investment and growth within the sector. However, his trade policies and unpredictable behavior could also create uncertainty and volatility for the industry.

On the other hand, a Kamala Harris presidency could bring a different set of priorities to the table. As a Democrat, Harris may focus more on environmental regulations and clean energy initiatives, which could have both positive and negative impacts on the auto industry. While these policies could push for more sustainable practices and innovation within the industry, they could also potentially increase costs and regulations for manufacturers.

Overall, the outcome of the 2024 election will play a significant role in shaping the future of the U.S. auto industry. It is important for industry leaders to stay informed and engaged in the political process to understand how potential changes in leadership could affect their businesses.