Does Trump’s retreat on electric vehicle policy risk ceding ground to China?
AI Summary
The Trump administration is rolling back federal support for electric vehicles (EVs), raising concerns that the US will fall further behind China in the global EV race. On Wednesday, the administration rescinded a rule, the "fuel content factor," that incentivized EV production by crediting manufacturers with greater energy savings under Corporate Average Fuel Economy (CAFE) standards. CAFE standards aim to improve fuel economy for cars and light trucks. This action follows other moves, such as slashed tax incentives and eased emissions rules, that analysts say discourage EV innovation. Critics argue that these policy changes favor petrol cars, harm American families, and give China a competitive advantage in the rapidly growing EV sector.
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