Trump’s Endgame with EVs
What do you guys think is Trump’s endgame with EVs?
I mean the old man has pretty fixated views against EVs. In less than 3 weeks, He
• Revoked EV Adoption Targets
• Suspended Charging Infrastructure funding
• Proposed Elimination of EV Tax Credits
• Challenged State-Level Emission Standards
• Paused Federal Support for EV Infrastructure
The entire developed world and China are shifting towards EVs that are certainly better in every sense. Yet, Mr. Trump seems to have a clear bias.
Does it mean a death to EVs in the US?
Edit 1:
Trump knows US can’t win on the EVs, so he’s not gonna play that game any more.
China has spent 100s of billions on EV tech. If there’s a change in EV adoption across the world with US leading the way, it could be a death blow to Chinese manufacturers.
Edit 2:
EVs are 43% of new car sales in China and 23% in Western Europe. With EVs being only 9% of new car sales in US, the country is already lagging behind the rest of the developed world.