Trump’s Venezuela Move Will Hurt EVs

By Douglas McIntyre  •  January 4, 2026

EV sales are already falling. One of the reasons people bought them in such large volumes two years ago is that gas prices were $5. They are $2.85 now. If Trump lifts drilling restrictions in Venezuela, gas prices will move toward $2. One of the primary reasons for buying EVs will no longer apply. It won’t be cheaper to operate them. Douglas A. McIntyre, Editor-in-Chief of Climatecrisis247, explains.

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