Electric-vehicle (EV) makers, including Tesla and Rivian, face increased risk from the 2024 presidential race, with IRA tax credits to promote the purchase of EVs, as well as emissions policies aimed at phasing in their use across the nation, likely on the line.
If former President Donald Trump returns to office, solar companies like First Solar and Meyer Burger, and utilities including NextEra, may lose some of the supportive tax treatment that sector has received.
A Harris win means federal tax credits for consumer purchases of EVs (up to $7,500 for new vehicles, $4,000 for used) will probably stand, while under Trump they could be scrapped or replaced with a "Buy American" program