Breaking Down the California EV Mandate Block with NADA CEO Mike Stanton
Manage episode 493550759 series 3673311
The auto industry secures a significant win with the signing of resolutions to block California's EV mandate, representing a victory for dealers, manufacturers, and consumers by restoring choice in the marketplace.
• NADA CEO Mike Stanton describes the policy shift as "a win for industry, consumers, our country, and common sense"
• The blocking of California's mandate allows for a more diverse approach to reducing emissions beyond just EVs
• Trade associations including NADA and state ATAEs played crucial roles in advocating for this policy change
• Dealers with substantial EV investments will still benefit long-term as electric vehicles remain an important market segment
• The $7,500 EV tax credit is likely to be phased out gradually rather than ending abruptly
• Ford is working to repair relationships with dealers after aggressive EV program requirements
• Despite some business cooling in recent months, dealers report sales still outperforming pre-pandemic levels
• The upcoming NADA Show in Las Vegas is expected to have strong attendance with exhibit space already filling up
We encourage dealers to maintain a positive attitude through industry changes, knowing your trade associations are advocating for your interests in Washington on everything from EV mandates to potential tariffs.
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Chapters
1. Victory for Auto Industry (00:00:00)
2. Common Sense Prevails (00:01:30)
3. New Tone for EV Policy (00:04:30)
4. Tax Credits and Dealer Investments (00:07:15)
5. Dealer Business Outlook (00:10:40)
6. NADA Show Preview (00:13:40)
9 episodes