Written by Cláudio Afonso | LinkedIn | X
In a highly anticipated interview on The Joe Rogan Experience podcast, one of the most widely listened-to globally, former U.S. President and current presidential candidate Donald Trump reaffirmed his strong opinions on the electric vehicle (EV) market and the impact that China can have on the American automakers.
“When they say, go electric with the cars, China is going to be the one that gives us the cars. Because all those guys in Detroit are going to be out of business. You’re going to make your electric cars over there,” Trump stated.
He added, “We have something called gasoline, and we have more oil and gas under our feet than any other nation.”
Here’s the interview segment where Trump comments on the electric vehicle industry.
Last June, Bank of America analyst Jon Murphy recommended the Detroit automakers—General Motors, Ford, and Stellantis— to exit the challenging Chinese market “as soon as they possibly can” and refocus efforts on North America.
“Exiting China from a pure profit and strategic standpoint makes sense, to focus on where you’re making money—which is North American trucks,” Murphy stated.
Trump went on to criticize environmental regulations, arguing they limit access to domestic mineral resources vital for EV production.
“We have areas in California with incredible raw earth materials, and they’re not allowed to use them. I’m going to open it up. I’m going to let them use it.”
Earlier this month, during an appearance at the Detroit Economic Club, Trump targeted United Automobile Workers (UAW) President Shawn Fain, accusing him of pushing “all-electric cars,” which Trump argued would disrupt traditional manufacturing jobs and erode Detroit’s business foundations.
Meanwhile, Tesla CEO Elon Musk has endorsed Trump on July 13 after the assassination attempt on the former president. Musk participated and spoke at a Trump rally in Butler, Pennsylvania, earlier this month.
Written by Cláudio Afonso | LinkedIn | X
