The Trump administration’s evident hostility to electric cars will have a major effect on America’s transition to renewables. Shortly after President Trump assumed office, he began a campaign to undo most of the Biden administration’s climate action-related policies and has since rescinded over 100 policies designed by the previous administration to boost electric vehicle adoption in the country. In addition to slowing down EV adoption, these actions may impact the country’s transition from fossil fuels to green energy.
Without adequate and consistent policy and monetary support, America may be unable to catch up to China and Europe in green energy. The impact of the policy changes of the Trump administration are likely to be felt by several industries, including companies like PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FRA: 103) that have always viewed the U.S. as…
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