By Frank Brill, EnviroPolitics Editor
As political commentators assess the implications of Donald Trump potentially returning to the White House, one key question emerges: What would this mean for electric vehicles (EVs) and offshore wind energy development? Analysts agree that Trump’s policies could disrupt federal support for clean energy, though global market dynamics and state initiatives may prevent a complete rollback.
Electric Vehicles: Policy Slowdown but Global Momentum
Under a second Trump presidency, electric vehicle incentives such as those in the Inflation Reduction Act (IRA) could face scrutiny. Trump has criticized the IRA as a “wasteful green agenda,” suggesting he might target programs encouraging EV adoption. Analysts predict that such actions could deter investment and slow growth in the U.S. market.
- Aaron Viles of the Electrification Coalition underscores the importance of EV tax credits in fostering domestic manufacturing. He warns that rescinding these incentives could shift economic opportunities to Europe and China, where EV production is booming.
- Steven Cohen of Columbia University notes that uncertainty surrounding federal support has already caused automakers like Ford and GM to delay new EV models. Many are waiting to see if policies under the IRA will survive the 2024 elections .
Despite this, Nick Nigro of Atlas Public Policy argues that Trump’s potential actions might not halt global trends. Automakers see the future as electric, and international competition will continue to drive innovation and production
Offshore Wind Energy: Subsidies at Risk
Trump has consistently criticized wind energy, calling it unreliable and environmentally harmful. His return could lead to reduced federal support for offshore wind farms, a cornerstone of U.S. clean energy strategy.
The Heritage Foundation’s Project 2025, which outlines a conservative policy roadmap, proposes cutting federal funds for renewable energy projects. While Trump has distanced himself from the document, it reflects his administration’s past efforts to prioritize fossil fuels over renewables
However, projects already funded might continue due to legal and financial safeguards. Analysts note that states like New York and Massachusetts, which lead in offshore wind development, could sustain progress even without federal backing.
The Bigger Picture: Challenges and Opportunities
While Trump could slow clean energy transitions, outright halting them is unlikely. Many IRA-funded projects have bipartisan support, particularly in red and swing states that benefit from job creation. Furthermore, global competition and market demand will push companies to continue investments, especially as consumers increasingly favor sustainable energy solutions
Related:
A second Trump presidency could derail the EV industry. Here’s how (Fast Company)
What Trump 2.0 could mean for EVs, solar and CCS (E&E News by POLITICO).
