Aerial view of electric cars lining up at Kandi Electric Vehicles Group Co., Ltd in Changxing County on October 24, 2017 in Huzhou, Zhejiang Province of China.
Credit: by Tan Yunfeng/VCG

Two new analyses from Bloomberg this week make clear just how bad President Donald Trump’s policies are for the domestic electric car market and U.S. workers.

In the first report, Bloomberg New Energy Finance (BNEF) explains that Trump’s plan to roll back Obama-era fuel efficiency and emissions standards for vehicles would eliminate any federal requirement for carmakers to build electric vehicles (EVs). BNEF also explains that the deal Ford, Honda, Volkswagen, and BMW struck with California last week to avoid the full rollback will not undo most of the damage.

In the second, BNEF concluded that the rapid price drops in the cost of batteries that have driven the energy storage and EV revolutions this decade will continue for the next decade.

In short, while Trump can slow adoption of high-efficiency EVs in the United States, other countries — the E.U. and especially […]

Read the Full Article