U.S. EV Makers Pivot to Energy Storage as Trump Targets Incentives

The United States electric vehicle industry is facing a rough road ahead. The Trump administration has long promised to walk back a number of Biden administration policies aimed at climate change targets, including those designed to boost electric vehicle adoption. In light of the changing policy climate, BloombergNEF has lowered both its near- and long-term outlooks for EV sales in the United States for the first time ever, while the rest of the world’s numbers continue to climb. BloombergNEF cut 14 million battery-powered cars from its…