Gavin Newsom Touts California's 2.5 Million EV Sales, Slams Trump For China's Lead In EVs, Tariff Deal With Canada

Benzinga_recent_news01-21 11:52

California Governor Gavin Newsom (D) has hailed his administration's clean energy efforts at the World Economic Forum in Davos, Switzerland, as the state surpasses 2.5 million EV sales. In a post on ...

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has hailed his administration's clean energy efforts at the World Economic Forum in Davos, Switzerland, as the state surpasses 2.5 million EV sales.\nIn a post on ...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/26/01/50026399/gavin-newsom-touts-californias-2-5-million-ev-sales-slams-trump-for-chinas-lead-in-evs-tariff-deal-with-canada\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMG7P587.USD","symbol_name":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) 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million figure despite Washington’s regulation being pro-Gasoline.\n“While Washington now cedes the global clean vehicle market to China,\" he said, his state was \"ensuring American workers and manufacturers” could progress in sectors, like the EV industry, that “will define this century.\"\nIn an official press release on Tuesday, the Governor's office shared that the 2.5 million figure was well over the original target of \"1.5 million ZEVs on the road by 2025.\" The statement also touted a 300% surge in EV adoption in the state since 2019 amid favorable regulatory practices.\n\"Californians purchased 79,066 new ZEVs, representing 18.9% of new car sales—even after federal tax credits expired on September 30,\" the statement said, adding that Newsom had proposed a new $200 million incentive program to boost EV sales.\nThe statement also slammed President Donald Trump for Canada's tariff agreement with China, which will see the country allow up to 49,000 Chinese EVs into the market, with the potential for that number to increase to 70,000 in five years.\n\"Donald Trump has driven away the United States' second-largest trading partner,\" the statement said, adding that China's deal with Canada has threatened \"America's leadership in electric vehicle manufacturing.\"\nThis isn't the first instance where Newsom has criticized Trump's regulatory policies, which have proven to be detrimental to EV growth. He had earlier criticized Trump for letting China take the lead in EVs as the White House announced a relaxation of the Corporate Average Fuel Economy (CAFE) standards, which was, in turn, hailed by Ford Motor Co. (NYSE:F) CEO Jim Farley.\nMeanwhile, Trump doubled down on his criticism of pro-EV policies by the previous Joe Biden administration, calling the admin's CAFE standards \"ridiculous\" and criticizing Biden's \"war\" on internal combustion engines.\nTrump's words were also echoed by Transportation Secretary Sean Duffy, who, touting affordability, said that there was a \"backdoor EV mandate\" in the U.S. during the previous administration, which caused vehicle prices to grow.\nCheck out more of Benzinga's Future Of Mobility coverage by following this link.\nPhoto courtesy: Sheila Fitzgerald on Shuttertsock.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605122963","isCrawlerRequest":true}