Trump’s EV retreat is a huge win for his No. 1 trade rival

EV sales in the US are expected to fall since President Donald Trump ended a $7,500 consumer tax credit. Elsewhere in the world, EV sales by Chinese rivals are gaining steam. Justin Sullivan/Getty Images New York —

Two years ago, as President Donald Trump was running for reelection, he derided President Joe Biden’s electric vehicle push as a “hoax” promoted by “Radical Left Fascists, Marxists & Communists.”

“Within 3 years, all of these cars will be made in China,” he wrote on social media at the time.

That last jab now reads as more of a promise than a prediction.

Since returning to office, Trump and congressional Republicans have upended the landscape for electric vehicle development in America, yanking the $7,500 tax incentives that helped entice car buyers, freezing fund