Shift Key with Robinson Meyer and Jesse Jenkins
How Trump Could Dent EVs in America
Nov 27, 2024
Corey Cantor, a Senior EV analyst at BloombergNEF, dives into the intricate dynamics of electric vehicles in the U.S. He discusses the recent surge in EV sales, spotlighting GM's advancements while contrasting it with Ford's delays. The conversation shifts to potential repercussions of Trump's policies on EV tax credits and adoption rates. Cantor highlights international collaboration affecting the U.S. market and examines the pivotal role of state incentives amid evolving competition, especially from China.
01:05:51
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Quick takeaways
- The Trump administration's cabinet selections may prioritize fossil fuel interests, potentially hindering the progress of U.S. climate policies.
- Bipartisan support for permitting reforms aims to streamline fossil fuel leasing and enhance clean energy project transmission amid regulatory challenges.
Deep dives
Impact of Trump's Administration on Energy Policy
The incoming Trump administration's appointments and policies signal potential shifts in U.S. energy strategies. Notably, Chris Wright, nominated for the Department of Energy, has demonstrated a complex stance on climate issues, prioritizing immediate engineering challenges over the urgent need to combat climate change. His focus on LNG exports suggests an inclination to secure demand for fossil fuels rather than advancing renewable energy sources. This orientation raises concerns about the future trajectory of U.S. energy policy and its implications for decarbonization efforts.
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