Coral Davenport

It is. I think a lot of energy economists and historians will say what Trump is trying to do here is to realize a vision of the past. But the reality is he can't just will that into existence. I think that a lot of this vision that he has laid out quite clearly in these executive orders will be a lot harder to realize in law and policy.

It is. I think a lot of energy economists and historians will say what Trump is trying to do here is to realize a vision of the past. But the reality is he can't just will that into existence. I think that a lot of this vision that he has laid out quite clearly in these executive orders will be a lot harder to realize in law and policy.

So some of this he absolutely can do with executive authority. But a lot of it really is not the purview of the executive branch. It will only happen depending on what Congress does. And in some cases, it's really not up to the government at all. It's up to markets. But I think the thing that they really can carry out pretty soon is the withdrawing and ending of permits for wind energy.

So some of this he absolutely can do with executive authority. But a lot of it really is not the purview of the executive branch. It will only happen depending on what Congress does. And in some cases, it's really not up to the government at all. It's up to markets. But I think the thing that they really can carry out pretty soon is the withdrawing and ending of permits for wind energy.

That is fully the purview of the executive branch. That was something that the Biden administration was able to do early and very aggressively. The Trump administration can take that away. And I think it will have a significant impact as well.

That is fully the purview of the executive branch. That was something that the Biden administration was able to do early and very aggressively. The Trump administration can take that away. And I think it will have a significant impact as well.

I do think that will really slow down the growth of an industry that's really kind of just getting off its feet and starting to be close to go on its own and kind of getting kneecapped at this moment. I think it will not kill it. You know, there is growing demand. The price of wind power is low, in some cases, a third as cheap as coal power.

I do think that will really slow down the growth of an industry that's really kind of just getting off its feet and starting to be close to go on its own and kind of getting kneecapped at this moment. I think it will not kill it. You know, there is growing demand. The price of wind power is low, in some cases, a third as cheap as coal power.

But if the permitting is taken away, it will slow down its growth quite significantly.

But if the permitting is taken away, it will slow down its growth quite significantly.

So EVs are more complicated. We talked about the Biden EV tax credits, the consumer tax credits for buyers of electric vehicles, all the money for the companies that are making it. All of that is authorized by Congress. All that is already in the law. The president cannot make that money go away immediately. the federal government is obligated to continue to give that money.

So EVs are more complicated. We talked about the Biden EV tax credits, the consumer tax credits for buyers of electric vehicles, all the money for the companies that are making it. All of that is authorized by Congress. All that is already in the law. The president cannot make that money go away immediately. the federal government is obligated to continue to give that money.

And the only way it can really stop it is if Congress enacts a new law that ends a lot of those tax policies. And even though we are in a Republican-majority Congress, it's far from clear that all Republicans really want that. Why? Because a lot of those EV tax credits for manufacturing are going to red congressional districts.

And the only way it can really stop it is if Congress enacts a new law that ends a lot of those tax policies. And even though we are in a Republican-majority Congress, it's far from clear that all Republicans really want that. Why? Because a lot of those EV tax credits for manufacturing are going to red congressional districts.

There are a lot of congressional districts with Republican representatives where all this money is flowing in and creating new EV battery plants, new manufacturing along the EV supply chain that has created jobs.

There are a lot of congressional districts with Republican representatives where all this money is flowing in and creating new EV battery plants, new manufacturing along the EV supply chain that has created jobs.

And so there's a number of Republicans who are raising their hands and saying, OK, you know, maybe we want to repeal some things that Biden did, but not this EV manufacturing tax credit, not that one. And so I don't think they'll be able to wipe those all off the books.

And so there's a number of Republicans who are raising their hands and saying, OK, you know, maybe we want to repeal some things that Biden did, but not this EV manufacturing tax credit, not that one. And so I don't think they'll be able to wipe those all off the books.

So the big thing that the administration can do, and I'm certain they will do, is this big regulation that compels automakers to reduce the emissions associated with cars sold. That was done through the Environmental Protection Agency, and I fully expect the Trump EPA to initiate a regulatory rollback of that. That will take a lot of time, though.

So the big thing that the administration can do, and I'm certain they will do, is this big regulation that compels automakers to reduce the emissions associated with cars sold. That was done through the Environmental Protection Agency, and I fully expect the Trump EPA to initiate a regulatory rollback of that. That will take a lot of time, though.