And now two years later, they're backtracking, some of them writing off billions of dollars of value that was effectively just wiped out by the sudden policy change from Our administration... believed not only that there was an environmental benefit to electric vehicles, but that there was a strategic benefit for the United States to lead in electric vehicles. because it's a superior technology, which will ultimately be, I'm convinced, the future of cars. So when I watch China make these huge investments in EVs, I don't think it's because the Chinese Communist Party is more environmentalist than any American government. (53:29)
CLAIM
Asserts that the administration believed in both environmental and strategic benefits of leading in electric vehicles.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
