Reply to why didnt the US build up EV infrastructure again?

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[quote=Anonymous]US automakers wrote off $55 billion in EV investments because of Trump. US car manufacturers stopped construction of EV and battery plants in the US after Trump removed the EV incentives. The EV incentives estimated cost to the US government was $10 billion. If the EV and battery plants had been built out the total investment by would have been about $140 billion. The estimates to get Venezuela oil production restored is $100-$180 billion.

The automotive and business press like to frame this as the collapse of the EV market. Maybe in the US market(16% of the world’s new car market) but not in the rest of the world. Last year EVs were 25% of new car sales world wide. This was projected to grow at 20-25% for the next five years when oil was $55 a barrel.

Saw an interesting story on the LNG that has been shut down because of the Iran war. This is 20% of the LNG market. To replace that loss Europe and Asia would have to add the same amount of solar capacity they added last year. It actually cost less to build a solar power plant vs coal, natural gas or nuclear plant. So less money to build, no fuel cost to run and quicker return on your investment because solar plant can be built in a year. [/quote]

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