The 2024 U.S. election is set to significantly influence the automotive ecosystem, with major implications for emissions regulations, trade policies, IRA funding, labor standards, and tariffs on Chinese vehicles. S&P Global Mobility outlines that while the President has some immediate authority, key policies depend on the Congressional balance. Regardless of party, current 2028–2032 emissions targets may be delayed due to feasibility concerns. If Republicans win, expect regulation rollbacks and IRA cuts; if Democrats win, expect funding to hold or increase, with stricter environmental policies. Industry decisions remain on hold until post-election clarity emerges.

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