Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Gavin Newsom criticizes US EV slowdown, blames Trump and GOP for China’s lead in electric vehicles.

Market News
13 May 2026
Badar Shaikh
Bearish
pluang ai news

California Governor Gavin Newsom criticized the slowdown of the United States' electric vehicle (EV) industry, blaming former President Donald Trump and the Republican Party for allowing China to take the lead globally. Newsom highlighted that before Trump's administration, the US was on track to surpass China with strong EV manufacturing, supply chains, and well-paying jobs. He accused the GOP of causing job losses and factory relocations overseas, strengthening China's position in the EV market. Meanwhile, Trump is preparing for a meeting with Chinese President Xi Jinping amid concerns over Chinese EVs entering the US market, with some lawmakers urging restrictions on Chinese investments.

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App