Four years after the United States-Mexico-Canada trade agreement (USMCA), Mexico and the U.S. face the prospect of cheap Chinese electric vehicles dominating a fast-growing market and undermining GM, Ford, and Tesla.
America is the largest oil producer in the world. It should not be a surprise the incentives to move to EV is not big. The longer we are all addicted to oil, the more money America and fossil fuel giants make.
China does not have much oil in the ground. They are investing in EV and renewables because it allows them independence from the oil lobby. Which is a very welcome coincidence to fight global warming.
America is the largest oil producer in the world. It should not be a surprise the incentives to move to EV is not big. The longer we are all addicted to oil, the more money America and fossil fuel giants make.
China does not have much oil in the ground. They are investing in EV and renewables because it allows them independence from the oil lobby. Which is a very welcome coincidence to fight global warming.