Hyperdrive
EV Makers’ Course Hinges on U.S. Election and Fuel-Economy Rules
- Biden seen implementing policies that would speed adoption
- Shares of Tesla, Nikola and their suppliers could get a boost
Tesla will be an obvious beneficiary of any big policy changes in the sector that drive faster adoption of electric cars.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.
Most transportation experts envision a future with road travel dominated by electric-powered autos. The outcome of the election could determine whether it takes a decade to get there, or much longer.