Due to poor policies and planning, the U.S. is now lagging behind competitors China and Germany in the fight for electric vehicles dominance and battery supply chain, this according to Howard Klein, founder and partner of RK Equity.
Its 100% a function of politics. Under the Obama Administration and the Democrats, they were very much on par with European sentiment on global warming and climate change and other support for this industry, Klein told Kitco News on the sidelines of the Mines and Money New York conference.
Klein noted that although the Trump Administration is more pro-fossil fuels, it is also more pro-mining.