Reported 15 days ago
President Trump's recent rollback of electric vehicle incentives is set to diminish US EV sales, enabling Chinese competitors to enhance their global market presence. Critics argue that this move undermines America's position in the electric vehicle market, potentially posing national security risks as China strengthens its control over battery supply chains. Meanwhile, major US automakers are reducing their EV production amid uncertain market conditions, while Chinese brands like BYD and Geely expand aggressively into international markets.
Source: YAHOO