Climate change, the car industry and Biden

Ahead of the US election, investors were interested in stock market movements and predictions about electric vehicles if Biden wins. Namely, it was considered that with the victory of Biden, the prices of shares of companies that deal with green energy, and thus electric vehicles, will jump. Thus, many investors carefully followed the forecasts of analysts and carefully recorded each index of earning potential from the jump in shares of "green" companies. That victory happened, Biden entered the office, and Biden was expected to abolish the base for enriching those who think like Trump: by regulating the emission of harmful gases. So it is possible to produce cars and everything else on fossil fuels with control, as Trump and his ilk imagined solving climate problems. With the abolition of such Trump's regulation of harmful gases, it meant that Biden would return strict regulations from the Obama era.



Of course, those who are engaged in the production of cars will not lose sight of the trends and stay on the "right side" when it comes to tackling climate change. They'll appreciate being part of Biden's pledged 1 million new jobs from infrastructure and clean tech. In addition, Biden re-joined the Paris Agreement and pledged that the complete fleet of the American government by 2030 would be completely composed of electric vehicles. The question remains, with the conclusion that all this is beautiful and useful, how much the interest of interest groups will play a role in preserving the old way of producing cars that harm the climate. It's about capital, of course. How much will all this be available to ordinary people, because the facilities around the production, purchase, installation of EV charging stations will always go to the hand of the rich.


We will see whether Biden's promises from the campaign to improve the lives of the middle class will prevail, or whether capital will dictate the work of this administration as well.

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