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Illustration: Sarah Grillo/Axios

President-elect Biden's win could juice electric vehicle sales in the U.S. by a lot, per an analysis from the Center for Strategic and International Studies.

The big picture: Biden, who talks a lot about electric vehicles, is expected to try to scuttle Trump administration regulations that weakened the Obama-era auto mileage and emissions rule. And go even further.

Why it matters: The CSIS primer offers some not-previously-public projections from the research firm BloombergNEF...

  • If the U.S. simply reverted back to the Obama-era standards, "by 2023, electric vehicle sales would jump to 15 percent of total car sales and by 2026, to 25 percent." That would be roughly 4 million cars that year.
  • Under the Trump administration's less aggressive rules, electric vehicles would not break 5% by then, per BloombergNEF's analysis.

Yes, but: Rewriting regulations is time-consuming and legally fraught, while other Biden proposals — including expanded consumer tax incentives for electric vehicles — face stiff headwinds in Congress.

Go deeper

Updated Nov 24, 2020 - Politics & Policy

The top Republicans who have acknowledged Biden as president-elect

Photo: Tasos Katopodis/Getty Images

Some elected Republicans are breaking ranks with President Trump to acknowledge that President-elect Biden won the 2020 presidential election.

Why it matters: The relative sparsity of acknowledgements highlights Trump's lasting power in the GOP, as his campaign moves to file multiple lawsuits alleging voter fraud in key swing states — despite the fact that there have been no credible allegations of any widespread fraud anywhere in the U.S.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
5 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.