China’s dominance of the global passenger electric vehicle market is also extending to long-haul electric trucks. In addition to being the largest producer and market for passenger battery electric vehicles (BEVs), China has surpassed both the U.S. and Europe in the adoption of electric trucks. With the Trump administration recently cutting federal electric vehicle subsidies and halting the deployment of public chargers using federal funds, the U.S. risks being left far behind Beijing.
American companies like Mullen Automotive Inc. (NASDAQ: MULN) that specialize in making commercial EVs like cargo vans have the opportunity to master their current market segments and branch out to…
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
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