Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes


Looking at the flip side of the EV industry reset, the potential winners from the new EV tax rules could include Tesla (TSLA) and General Motors (GM) without a total vehicle cap in place and with their domestic supply chains much more advanced. However, the auto giants still have to derive 40% of battery minerals from North America or nations with which the U.S. has free trade agreements to make those advantages work out.

The upside may be more clear for commercial electric truck makers with the proposed incentives of up to $40,000 per vehicle providing strong motivation for fleets to look at Daimler’s (OTCPK:DTRUY) Freightline Cascasia, Lion Electric’s (LEV) Class 8 trucks, the Tesla Semi, Workhorse Group’s (WKHS) medium-duty trucks, and others as fleet options. The tax credit for commercial fuel cell vehicles is set at 30% of the price or $40,000, whichever is lower.