Tag Archives: multibillion-dollar

Trump’s policies and inflation drive governor’s race in New Jersey, where GOP has been making gains

**New Jersey Voters Head to the Polls in High-Stakes Governor’s Race**

TRENTON, N.J. (AP) — New Jersey voters are casting their ballots Tuesday to elect the state’s next governor in a closely watched race that may reveal whether Democrats can maintain control of a state that has traditionally been reliably blue, but has shown signs of shifting toward Republicans in recent years.

Jack Ciattarelli, a former state legislator endorsed by former President Donald Trump, is seeking to become New Jersey’s first Republican governor since 2018. He faces U.S. Representative Mikie Sherrill, a Democrat in her fourth term in Congress, who would become the state’s second female governor if elected.

The outcome of the election could serve as a gauge of how the electorate is responding to Trump’s policies and whether key groups of Democratic voters still have confidence in the party’s leadership.

Ciattarelli, 63, is running for governor for the third time. He lost a Republican primary in 2017, then narrowly lost the general election in 2021 to Democratic Governor Phil Murphy, who is now term-limited. This campaign, Ciattarelli frames the race as an opportunity for voters to remove Democrats who have controlled both the governor’s office and the state Legislature for nearly eight years.

He has emphasized his background as a business owner with deep roots in New Jersey, along with his experience as a state and local elected official. Ciattarelli has touted his close relationship with Trump, saying it will benefit the state.

“Make no mistake. We cannot afford another four years of Phil Murphy’s failed policies,” Ciattarelli said during a rally earlier in the campaign.

Sherrill, 53, has centered her campaign around pushing back against Trump’s influence. She has recently highlighted the Trump administration’s sudden freeze on funding for a multibillion-dollar project to replace the aging rail tunnels that connect New Jersey to New York City beneath the Hudson River.

“This is what we’re fighting for in this country—to make sure that we have a president who has to follow the law,” Sherrill said.

Sherrill’s biography includes service as a U.S. Navy officer and helicopter pilot as well as work as a prosecutor. She has painted Ciattarelli as a candidate who would align with Trump’s actions regardless of the consequences.

If elected, Sherrill would join Christine Todd Whitman—who served from 1994 to 2001—as New Jersey’s only female governors.

In the 2024 presidential election, former Vice President Kamala Harris won New Jersey, but Trump narrowed his margin of loss significantly by shifting Hispanic voters toward the Republican side. Additionally, Democrats’ voter registration advantage has been eroding in recent years.

Ciattarelli has walked a fine line on Trump, praising him and giving the former president an “A” grade, while simultaneously seeking to appeal to Hispanic voters. Although he supports Trump’s effort to end birthright citizenship, Ciattarelli has also spoken about creating a “pathway to recognition,” which would involve providing driver’s licenses and Social Security numbers to undocumented immigrants without criminal records—a stance at odds with current Trump administration policies.

However, Ciattarelli has not clarified the specifics of what he means by a “pathway to recognition.” It is worth noting that New Jersey already issues driver’s licenses to some undocumented immigrants, and the federal government issues Social Security numbers.

With a tight race anticipated, the U.S. Department of Justice announced plans to monitor polling sites in Passaic County, a former Democratic stronghold that Trump won in 2024. New Jersey Attorney General Matt Platkin, a Democrat, criticized the monitoring program as “highly inappropriate,” noting it was requested by the state Republican Party.

Sherrill and Ciattarelli have debated twice and continue to campaign across the state, meeting voters at diners and relying on surrogates to spread their messages.

Prominent Democratic governors Gretchen Whitmer of Michigan, Josh Shapiro of Pennsylvania, and Wes Moore of Maryland, along with former President Barack Obama, have all rallied in New Jersey to support Sherrill.

Meanwhile, Trump has campaigned for Ciattarelli through telephone rallies, urging voters to back the Republican candidate. He has pledged that Ciattarelli would “rapidly” reduce energy and other costs, though details have not been specified.

In addition to the governor’s race, all 80 seats in the New Jersey State Assembly are on the ballot. Currently, Democrats hold a 52-28 majority.
https://ktar.com/national-news/trumps-policies-and-inflation-drive-governors-race-in-new-jersey-where-gop-has-been-making-gains/5770102/

Legacy Automakers Tap the Brakes on EVs as Road to Mass Adoption Gets Bumpy

After years of ambitious pledges and multibillion-dollar bets on the future of electric vehicles, legacy automakers are facing a cold market reality. Consumer adoption has slowed, incentives have dried up, the political and cultural debate around EVs has grown more partisan, and Wall Street’s patience is wearing thin.

Just this week, General Motors took a $1.6 billion loss on its EV unit because it had built more production capacity than it currently needs. Earlier, Volkswagen Group idled two EV plants in Germany as sales stalled. Stellantis scrapped its target of reaching 100 percent EVs by 2030. Meanwhile, Ford delayed full-size EV truck and van programs and reallocated capital once earmarked for EVs to hybrids and gas-powered vehicles.

Despite what looks like a massive retreat from earlier EV promises, analysts say this moment reflects a recalibration, not a surrender.

Sam Abuelsamid, a longtime auto analyst and vice president of market research at Telemetry, described it as a “temporary correction” rather than a full retreat. “Electrification is the direction for the future; it’s just going to take longer to get there,” he told Observer in an email, noting that in today’s highly divisive political climate, many executives have become quieter about long-term plans, but none are completely “jumping ship.”

Consumer behavior, rather than corporate or regulatory retreat, is driving the current EV “correction,” said Stephanie Brinley, a principal automotive analyst at S&P Global Mobility. “[But] pricing, direct consumer experience and education, and concerns over infrastructure remain the hurdles to more widespread adoption.”

In fact, EV market share is still growing. From January to August, EVs accounted for 8.1 percent of the U.S. market, up from 7.7 percent during the same period last year, according to S&P Global data.

Still, EVs remain more expensive than hybrid or combustion rivals. Even Tesla, despite promising a sub-$25,000 model for more than a decade, has yet to crack the affordability barrier.

“The issues have not changed, but moving from early adopters to mainstream buyers is difficult, choppy and not as easy to predict,” Brinley said.

Abuelsamid admitted that the industry’s earlier projections that EVs would make up more than half of the U.S. market by 2030 were overly optimistic. He expects hybrids to dominate in the near future, gradually replacing internal combustion engines as the default powertrain.

For American buyers, hybrids offer what EVs have struggled to provide: no lifestyle changes and a longer range for less fuel. They’re also cheaper to produce than EVs because they use smaller batteries and require less complex software development.

Both analysts agree that automakers are navigating a long and uneven bridge toward a fully electric future, not abandoning it. What happens next will depend on breakthroughs in cost and technology, particularly in battery chemistry and cell-to-pack architectures, Abuelsamid said.

Automakers, he added, should shift focus away from high-end, high-performance EVs and collaborate to cut spending on expensive features customers don’t actually see, such as software platforms and electrical architecture.

“Even most mainstream EVs are plenty quick for everyday driving needs,” he said.

For now, automakers are balancing profitability with progress, trying to meet consumers where they are while continuing to invest in where they’ll eventually be.
https://observer.com/2025/10/legacy-automakers-tap-the-brakes-on-evs-as-road-to-mass-adoption-gets-bumpy/