N@N

Here's how Trump could affect Tennessee auto industry, businesses see sluggish EV sales

The article from USA Today discusses how Nissan and Volkswagen are expanding their electric vehicle (EV) production in Tennessee, influenced by former President Donald Trump's policies. Trump's administration had pushed for domestic manufacturing, which has led to these companies investing heavily in the U.S. to produce EVs. Nissan plans to invest $500 million in its Smyrna plant to produce two new EV models, while Volkswagen is investing $800 million in Chattanooga to build the ID.4 and a new Scout brand. These investments are part of a broader trend where automakers are localizing production to take advantage of U.S. incentives and to meet the growing demand for electric vehicles. The article highlights how these moves are not only a response to market demand but also a strategic alignment with political incentives aimed at boosting American manufacturing and reducing reliance on foreign production.

Read the Full USA Today Article at:
[ https://www.usatoday.com/story/money/2024/12/02/nissan-volkswagen-trump-tennessee-electric-vehicles/76430297007/ ]