The future of electromobility in Mexico under the shadow of Trump

The future of electromobility in Mexico under the shadow of Trump
The future of electromobility in Mexico under the shadow of Trump

Although Mexico already had experiences dealing with Trump, today the transition towards decarbonization is at stake. The zero emissions sector? Concerned.

Mark Sanchezpresident of the National Association of Electric and Sustainable Vehicles (ANVES), warns that The businessman’s policies against electromobility could conflict with Claudia Sheinbaum’s plansthe elected president of Mexico, who made electromobility a priority on her agenda.

Here, andIt is necessary to go back to 2017, the year in which Trump took office as president of the United States, to understand the problem.

The US withdrawal from the Paris Agreement in 2017the revocation of safety regulations for oil drilling and the barely limited opening in favor of the exploitation of natural resources were some of the former president’s flags.

Added to the fact that the tycoon publicly opposes sustainable mobility, describing electric vehicles as “expensive” and with little autonomy. So the projections would not be favorable.

His campaign proposals are closer to eliminate benefits and financing for companies that produce electricity, as well as incentives for consumers.

A position that contrasts drastically with Joe Biden’s current policies, which were favorable for the eMobility industry.

Sánchez understands that these measures could affect transnational companies operating in Mexico, reducing their competitiveness in the US market and potentially causing a decrease in the production and export of 100% electric vehicles.

It should be noted that Sheinbaum showed a strong commitment to electromobility, promoting numerous initiatives in her management as head of Government in Mexico City.

Something that plans to expand nationwide, promoting charging infrastructure and the use of electric vehicles in public and private transportation.

Although, if the businessman were to win, his policies could hinder these decisions, testing Mexico’s ability to advance its agenda towards a faster energy transition.

And the T-MEC?

It is important to note that in 2026 the Treaty between Mexico, the United States and Canada or T-MEC will face its first review.

Needless to say, the relationship between countries in the automotive industry has always been key.

This agreement allowed vehicles to circulate no tariffs between the three countrieswith the condition that 75% of the auto parts come from these countries and between 40% and 45% are manufactured by workers who earn at least 16 dollars an hour.

“If Trump wins, the position of respect for autonomy of nations when the treaty comes under review,” says the eMobility expert.

And he adds: “We know that The United States is not the only market that Mexico can supply“We have an important geopolitical position at the international level.”

The diversification of markets towards Latin America and other regions could help Mexico mitigate the negative impacts of Trump’s protectionist policies.

What is the forecast so far? According to a recent Reuters/Ipsos poll, Trump has a two percentage point lead over Bidenahead of the general elections in November.

Biden pro electromobility, the best alternative?

In contrast, the current president of the North American country is a defender of sustainable mobility.

On the one hand, in 2021, established that by 2030, half of the vehicles sold in the United States will be battery electricfuel cell electric or plug-in hybrids.

Likewise, during 2022, the Law for the Reduction of Inflation committed $369 billion to combat climate change and improve energy security, including significant incentives for American consumers to purchase electric vehicles.

So Biden’s ambitious goals, such as avoiding 7 billion tons of carbon dioxide emissions over the next 30 years and ensuring that 56% of all new vehicles sold in the United States are electric by 2032, would represent an opportunity. key to accelerating the transition towards electromobility in Mexico.

 
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