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RE: LeoThread 2025-06-16 16:03

in LeoFinance4 months ago

Part 3/10:

The consequences of these regulations included a push toward low-emission and electric vehicles, with even elite automakers appearing eager to comply. Many manufacturers seemed to benefit from substantial government subsidies, even as public interest in electric vehicles remained lukewarm—only 2% of cars on the road today are fully electric, with a small boost to 7% in sales, driven by households owning multiple EVs.

In a dynamic political landscape, the California electric vehicle ban, enforced through executive orders and unelected bureaucratic decisions, was considered a significant overreach. Amid criticism, the Trump administration's recent legislative efforts aimed to eradicate these mandates, marking a potential turning point for the auto industry.