Shift Key with Robinson Meyer and Jesse Jenkins

How to Crash America’s Manufacturing Renaissance

36 snips
Mar 19, 2025
Dive into the potential fallout from proposed changes to electric vehicle tax credits. Discover how repealing these incentives could threaten America's manufacturing growth and the climate. Explore Tesla's struggles amid fierce competition and the evolving preferences of consumers. The discussion also touches on the political drama surrounding Canada's carbon tax policy. Plus, a significant court ruling shakes up recent employment decisions made by the Trump administration. It's a captivating look at the intersection of politics, technology, and manufacturing.
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INSIGHT

Impact of Repealing EV Tax Credits

  • Repealing EV tax credits would severely hurt the U.S. industrial base.
  • These credits are crucial for the current manufacturing renaissance.
INSIGHT

Types of EV Tax Credits

  • The IRA includes consumer and commercial EV tax credits (30D and 45W).
  • These incentivize North American assembly and sourcing of EV components.
INSIGHT

Sales Drop from Repeal

  • Repealing EV tax credits would decrease EV sales by about 30-40%.
  • This translates to roughly 8.3 million fewer EVs on U.S. roads by 2030.
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