01-23-25 YMS If President Trump had his way, the auto industry’s transition to electric vehicles would soon slam into reverse. White House Correspondent JON DECKER has the details.

If President Trump had his way, the auto industry’s transition to electric vehicles would soon slam into reverse. White House Correspondent JON DECKER has the details.

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Episode Transcript

Speaker 1 (00:00):
Previously on Your Morning Show with Michael del choonho.

Speaker 2 (00:04):
If President Trump has his way, the auto industry's transition
to electric vehicles will soon slam into reverse. Is it
reverse or neutral? White House correspondent John Decker joins us
to explain, Good morning, John.

Speaker 3 (00:17):
Hey, good morning. You know, if you were someone who
in the past year bought or leased an electric vehicle,
you likely got a seventy five hundred dollars federal tax
credit subsidy associated with that purchase re lease that's going away.
And the big question is what impact will that have

(00:40):
on those car companies that manufacture cars and light trucks
that are electric with that subsidy, that federal subsidy going away.
Big question. Elon Musk says it won't impact Tesla. He
thinks that there will still be strong demand for Tesla's
without that federal subsidy. But we'll just step to wait
and see so.

Speaker 2 (01:02):
And I'm sure in your research, because you research everything
before you speak about it. You know, this was a
big topic at the Detroit Auto Show. And again, you know,
like last night we had a wonderful dinner for our
anniversary at Perry's Steakhouse. I think Perry's began in Dallas
or Austin, I can't remember. Just it's hard to find
a better steak anywhere in the world.

Speaker 3 (01:20):
Congratulations, Oh, thank you very much.

Speaker 2 (01:22):
And you know I might have considered Sperry's, especially if
they gave me an extra seventy five dollars or seven
hundred dollars if I ain't there. Instead, I mean, so,
I guess it's the question becomes. Look, if I have
a friend chess corsign who has a Tesla and loves it.
I mean, he's like, he doesn't do it for a living,
but he ought to. He literally sells tesla's by just

(01:43):
telling all his friends about it, and great for me.
I never saw the worth of the of paying more,
or the high maintenance or the battery replacement. It just
hasn't moved me in But I think, like Donald Trump,
I'm thinking, you know what, if you want electric, god
bless you. If you want gas, god bless you, but
the government and be incentivizing so But I mean, I
go back to my original question. Do you think this

(02:04):
is fair to say slams it in reverse? Or really
what it does is slams it into neutral, doesn't it?

Speaker 3 (02:10):
Well, you raise a really good point, and that is
the market to determine demand, not the government. The government
should determine who buys what types of cars, whether it's
internal combusting engine or whether it's electric. If you want
to go out, I'd like you, point out, Michael, and
buy an electric vehicle. Go out and buy an electric vehicle.

(02:31):
But there shouldn't be this push by government to push
for with a certain type of vehicle. And that's what
happened during the Biden administration. And the big question is
what does this mean for those companies that have invested
a significant amount of their R and D into electric vehicles.
You know, in Europe there are companies like Volvo, for instance,

(02:53):
all of their vehicles, all of their fleet in a
few years will be electric, and you have to wonder
is that a good bet by that auto company vol though,
to push in that direction add to the conversation.

Speaker 2 (03:05):
You know, there's been a lot of investment in electric
bus systems and they've been a bust because of the
high cost of maintenance and reliability issue. The auto industry
took its cues based on government cues and incentives and
commitment to infrastructure and made huge investments and I you know,
I don't know if this came up in any of
your research, but you know, I don't think BMW and

(03:27):
Mercedes is feeling really good about going off the deep
end into evs. They lost their trunk if you will
do it. So, you know, it's funny how you know
the supply demand, you know, and there were a lot
of issues in that with what has to happen in
your garage to provide the electricity, but the extra you
pay for it, and how long we just don't keep

(03:48):
cars long enough to get back that investment. And really,
quite frankly, the global warming fingerprint wasn't really any smaller
in producing ev than a lot of problems with it.
But is this a cylindro? Whatever it is, it's I
think it's day has passed.

Speaker 3 (04:02):
Yeah, I don't know if it's a cylinder or that.
I don't know when you're talking about a failure. But
having said that, you know, you know, the electric vehicle
percentage of electric vehicles as opposed to overall auto sales
in the US still very small, uh, And you know
it's not increasing at such a rate that you, if
you're an automaker, you would think to yourself in terms

(04:24):
of planning, let's invest more in the electric and lesson
in the internal combustion. The exact opposite is happening.

Speaker 2 (04:31):
I always love our visits. John Decker, White House Correspondent.

Speaker 1 (04:34):
Thanks, we'll talk again tomorrow. Miss a little, miss a lot,
miss a lot, and we'll miss you. It's your morning
show with Michael del Churno.