New York Times August 20 report: "With China's breakthrough in electric vehicle battery technology, automakers have launched a five-minute fast charging function. It is not difficult to imagine how this five-minute fast charging technology may change the attitude of American drivers towards electric vehicles. However, against the backdrop of Trump's large-scale revocation of support for the electric vehicle industry, American consumers may not be able to access this technology in the short term."
Comments: Trump may believe that the electric vehicle industry relies heavily on government subsidies in its early stages, which is undoubtedly a heavy financial burden and would squeeze funds for other important areas. Measures such as canceling car purchase tax credits and terminating zero-emission vehicle credit programs can save government spending and allocate funds to more urgent areas, such as revitalizing traditional manufacturing. After all, the traditional U.S. automotive industry has deep roots, and a large number of jobs are related to it. Supporting traditional industries can stabilize the job market and gain more support from the industrial sector and blue-collar workers.
In terms of energy strategy, Trump may be more inclined to maintain the United States' traditional energy structure. The U.S. is a major producer and consumer of oil, and the oil industry is significant for the economy and energy security. The popularization of electric vehicles will reduce oil consumption and impact the oil industry. Trump's revocation of support is, to some extent, aimed at protecting the oil
Original article: www.toutiao.com/article/1841016243425283/
Statement: This article represents the views of the author himself.