As the world moves inexorably toward electric vehicles, the US, under Trump, is moving in the opposite direction.
According to the International Energy Agency, a Paris-based policy group, one of every four vehicles sold globally in 2025 was battery-powered. Analysts with Bloomberg have predicted that in the next decade, that number will more than double, putting gas-powered cars — for the first time ever — in the minority of overall new vehicle sales.
Overseas, Asian and European manufacturers have spent years preparing for this eventuality, dumping billions into the development of battery technology. With predictable results:
China now makes 75 percent of all E.V.s sold anywhere on earth. (The United States makes around 5 percent.) Many of those vehicles are produced by BYD, a Chinese company that recently became the largest manufacturer of battery-powered cars in the world.
And now, Trump is playing with fire in the oil basket of the world.
How ya think THAT’S gonna turn out?
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