Biden eases emissions regulations and launches aid to the automobile industry. With the new rules, which will come into force in 2027, electric vehicles will account for between 31% and 40% of electric car sales in that country in 2032.
It is a concession to the traditional automobile manufacturers - General Motors, Ford, and the Franco-Italian Stellantis. Another beneficiary, although less so, is Tesla, the second largest producer of electric cars in the world, whose largest shareholder and manager, Elon Musk, has turned towards xenophobic positions in recent weeks.