News Analysis
When President Joe Biden announced on Aug. 5 that he wants half of all cars and trucks sold in the United States to be electric vehicles (EV) by 2030, the loudest applause may well have been in Beijing.
Biden’s Target of Electric Power in Half of All US Vehicle Sales by 2030 Is Bonanza for China
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Jim Farley, CEO of Ford Motor Co., poses with the new all-electric F-150 Lightning performance truck at its reveal at Ford World Headquarters in Dearborn, Mich., on May 19, 2021. Bill Pugliano/Getty Images
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