New report shows US spending on electrified transport peaked in 2018 with Tesla Model 3 launch. Europe’s spending in 2020 was 4 times larger, surpassing China.
President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of US commodities.
Biden’s first executive actions to move quickly to tackle climate change have raised questions over the ability of administrations to transform the US energy system.