Part 3/8:
The conversation quickly pivoted to the recent U.S. presidential election and its implications on the automobile industry. Monroe expressed a belief that former President Donald Trump’s administration could yield financial benefits for manufacturers. He remarked on Trump's focus on deregulation and how Elon Musk's insights into inefficiencies might influence policy directions.
Monroe suggested that some of Trump’s campaign rhetoric, such as eliminating subsidies for electric cars, may not hold up under different pressures once in office. He argued that the competitive nature of the global market might prevent any drastic shifts away from electric vehicle incentives, especially as U.S. manufacturers look to compete globally, particularly against China.