HOUSTON, Texas/NEW YORK -- U.S. President Donald Trump's new tax and spending legislation is expected to mark a major retreat in the country's decarbonization strategy, forcing Japanese companies to revise investment plans on electric vehicles and renewable energy.
Trump administration
Trump decarbonization retreat forces Japan Inc. to revise strategy
US tax cuts to slash EV demand in half with hydrogen investment dwindling
Toyota Motor's electric vehicles line-up. The company changed its production plan in light of weaker-than-expected demand. (Photo by Azusa Kawakami).
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