Will President-elect Donald Trump kill the electric vehicle market? Reuters reported on November 14 that Trump and his transition team are planning to put the kibosh on the Inflation Reduction Act’s $7,500 consumer tax credit for EV purchases. The newswire, citing two sources close to the situation, says this effort to eliminate the government subsidy will be part of a broader tax reform initiative. As the EV market continues to struggle – aside from Elon Musk’s Tesla Motors, of course – is it time to deliver the industry’s last rites?
Who Killed the Electric Vehicle?
Over the past year, there have been indicators that the electric vehicle market might be struggling despite the billions of dollars in federal and state subsidies. It comes down to one fact: Consumer demand is not there. At least, that is what one of the biggest car brands in the world is saying.
Speaking at a virtual media roundtable event on November 8, Jack Hollis, the chief operating officer of Toyota Motor North America, stated that the government’s electric vehicle mandates are “impossible” to meet. He referenced California’s “Advanced Clean Cars II” regulations, which force 35% of 2026 model-year automobiles to be zero-emission vehicles. The California Air Resources Board suggests that 12 states and Washington, DC, have implemented such rules. Other states have similar regulations but with a 2027 starting date.
And, yes, one glance at the calendar suggests these cars will be rolled out quite soon.
“I have not seen a forecast by anyone … government or private, anywhere that has told us that that number is achievable. At this point, it looks impossible,” Hollis said. “Demand isn’t there. It’s going to limit a customer’s choice of the vehicles they want.” […]
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At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
