'If The US Backpedals On EVs The Auto Industry Is Lost' [View all]

"By eliminating a lot of the pro-EV policies enacted by his predecessor Joe Biden, President Trump risks imploding a multi-trillion dollar sector of the U.S. economy. Trump has pushed for an end to all federal EV credits, cut investments in EV charging infrastructure, ordered existing EV infrastructure to be shut down and ripped out, and pushed for less stringent fuel economy regulations. And that's before we even begin talking about Trump's signature policy, import tariffs on the country's most important trade partners, which have already driven significant inflation and pushed the country's economic position into a tailspin. These actions have driven rising consumer anxiety, causing many large corporations to pause investments until they can figure out how they'll be affected. This includes big moves, like General Motors abandoning its stake in a joint battery plant with LG, and other automakers pushing their new plant investment out on longer timelines."

https://www.jalopnik.com/1840820/us-backpedals-evs-potential-industry-impact/