Trump’s end to what he calls the “EV mandate” could weaken automakers against China. They’re worried about defending the production tax credits for EV and battery manufacturing in the US, which are worth billions of dollars. Carmakers in China are heavily supported by government subsidies.
Source: mafco
3 Comments
“Could”. ?
If his supporters could read, they would be upset.
They’ve been fighting Canada to build battery and production plants in the US, so I wonder if they’ll think about moving production to Canada then? Trump will not change his mind, so that is 4 years and the big 3 can’t wait, they need to build and keep up or they will 100% lose this race to China.