Authored by Hassan Zaheer and Saqib Saeed, this article explores the impact of a Trump presidency on renewable energy, power grid equipment, and e-mobility. With potential rollbacks of Biden-era policies like the IRA, the energy sector faces uncertainty over its future direction. While offshore wind may face setbacks due to policy rollbacks, overall renewable adoption is expected to continue, supported by state-level initiatives. The power grid equipment market will likely see sustained growth driven by rising electricity demand and infrastructure modernization. However, the e-mobility sector could experience a slowdown, with the possible revocation of EV tax credits and subsidies affecting adoption rates. Despite policy shifts, domestic manufacturing incentives and grid expansion efforts are expected to remain key industry drivers. Trade policies may disrupt supply chains, accelerating localized production.   

Additionally, renegotiating the U.S.-Mexico-Canada Agreement (USMCA) may disrupt cross-border supply chains for automotive and battery manufacturing. As a result, PTR projects a slowdown in EV adoption, with penetration estimates dropping from 35% to 27% by 2030 if federal incentives are rolled back. Despite these challenges, the long-term energy transition remains on track. Businesses must navigate evolving regulations and leverage state and local support to mitigate federal policy shifts. Companies that proactively adapt their market strategies will remain competitive. As a leader in market research, PTR continues to provide actionable insights, helping stakeholders anticipate and respond to these industry changes effectively. 

Follow this link to learn more: How Trump’s Re-election is Shaping the Energy Transition and Grid Infrastructure Markets in the US

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