Thousands of pro-Palestinian protesters gathered around the White House on the 8th, urging President Biden to stop all military aid to Israel and calling on Israel to cease fire immediately.
Accordin... View MoreThousands of pro-Palestinian protesters gathered around the White House on the 8th, urging President Biden to stop all military aid to Israel and calling on Israel to cease fire immediately.
According to English media reports, most of the protesters were wearing red clothes, holding Palestinian flags, and carrying signs that read "Biden is a liar" and marching near the park around the White House. They crossed two six-lane boulevards and drove away nearby tourists. However, there were also a large number of police officers maintaining order on the scene, and at least one pepper spray was used on the protesters.
Biden was not in the White House when the protesters gathered, but in France. Pro-Palestinian activists outside the White House have been highly critical of the Biden administration's response to the Gaza conflict, while encouraging young people and non-white voters to reconsider their support for Biden before the general election this fall.
"I can't confidently vote for Biden," said Nas Issa, a spokeswoman for the Palestinian Youth Movement, which organized the protest on the 8th. She added that if Biden "does not change his position and hold Israeli Prime Minister Netanyahu and the entire Israeli government accountable, how can people with conscience accept voting for him?"
Some protesters formed a circle along the mile-long perimeter of the White House on the 8th, unrolling consecutive sections of red paper with the names of more than 36,000 Palestinians who died in the war. This form is intended to evoke a red line, and if the Israeli military crosses this red line, Biden will refuse to ship weapons to Israel.
But Biden and his administration said that the recent attack in the Gaza city of Rafah that killed dozens of Palestinians did not amount to Israel crossing the red line. White House spokesman John F. Kirby said the United States needs to see "a major ground operation" - not an airstrike - to increase pressure on Israel. In response, the protesters said: "Biden's red line is a lie!"
The protesters said their biggest demand is to freeze all weapons shipments to Israel until the war stops. However, the United States has pledged to provide Israel with $38 billion in military aid over 10 years.
Law enforcement agencies said tens of thousands of people participated in the march around the White House, but no one was arrested.
Trump's campaign and the Republican National Committee (RNC) announced that they raised a total of $141 million in May. After the court found Trump guilty of falsifying business records, donations inc... View MoreTrump's campaign and the Republican National Committee (RNC) announced that they raised a total of $141 million in May. After the court found Trump guilty of falsifying business records, donations increased significantly, accounting for one-third of the total within 24 hours.
Trump's camp said on the 3rd that it received a total of 2 million donations in May, which is equivalent to an average of about $70 per donation based on a total of 141 million yuan. Among them, more than 50 million were small online donations that poured in within 24 hours after Trump was found guilty, and about a quarter of the people made political donations for the first time.
Raised 50 million within 24 hours after the conviction
Trump's co-campaign managers Susie Wiles and Chris LaCivita said that the support of voters moved them, reflected public opinion, and sent a strong message to the current President Biden and the Democratic Party: "The real verdict will come on November 5."
Biden's camp responded that the rich supported Trump for profit, and the powerful spent money to help Trump's campaign, but he "cut taxes and the working and middle class paid for it."
According to the schedule, the Trump camp can wait until the end of June to disclose the fundraising situation, but this time it is eager to announce the results. The political arena believes that the camp hopes to respond to the hush money case and prove that Trump is not affected, but the situation is more optimistic. The court will sentence on July 11, and Trump is expected to appeal.
The Biden camp has not yet announced the total fundraising in May. His camp and the Democratic National Committee (DNC) raised more than 51 million yuan in April, and Trump and the Republican Party raised 76 million yuan in the same period.
Biden signed an executive order to significantly tighten border immigration policies. If 2,500 people cross the southern border every day, the federal government will immediately block the border, sto... View MoreBiden signed an executive order to significantly tighten border immigration policies. If 2,500 people cross the southern border every day, the federal government will immediately block the border, stop accepting any refugee asylum applications, and repatriate the relevant persons as soon as possible. The measure has attracted different reactions from both sides of the immigration issue. Former President Trump and Republicans criticized Biden's move as a "political show", while groups concerned about immigration expressed disappointment and vowed to challenge it through legal channels.
Biden, accompanied by several congressmen and officials from southern border towns, officially issued an executive order at the White House on the 4th. According to the provisions, if 2,500 immigrants enter the US-Mexico border port every day, the authorities will close the border, and most of the cross-border people will be repatriated within a few days or even hours. Since the current number of immigrants has exceeded the threshold, the executive order will take effect immediately from midnight on the 5th.
This executive order also has a number of exemptions. Minor solo immigrants who are not accompanied by adults, victims of human trafficking, and those who have applied for asylum in advance using the Customs and Border Protection (CBP) program are not included in the rapid repatriation after arriving in the United States. Once the federal government closes the border, the average number of people crossing the border every day must be less than 1,500 within 7 days, and this situation must last for 2 weeks before the authorities will reopen the border and accept refugee asylum applications. During the closure period, foreign citizens can still apply for asylum on other grounds, but they must prove that they have been persecuted, abused, and tortured in their country of origin, and the threshold for individual case review will be higher. Some officials believe that after the implementation of the new system, most people's entry applications will fail, and those who illegally cross the border will be severely punished, including being banned from entering the United States for 5 years.
President Biden said at the signing ceremony that the Republican conservatives refused to adopt the Senate bipartisan agreement, leaving the White House "no choice" but to "control the border" on its own, and criticized former President Trump for obstructing and instructing the Republican Party to obstruct immigration legislation. However, Biden also reiterated that he believed that immigration is the "lifeblood" of the country.
Trump quickly posted on social networking sites, saying that he and Biden will hold the first presidential debate on June 27, and Biden's order this time is just a "show." Other Republicans also joined the criticism, accusing the Biden administration of acting "too late". Among them, House Speaker Johnson described the new policy as weak and powerless, just "window dressing". If the White House really cares about the border issue, it should have taken action earlier.
Biden signed the order this time, only five months away from the November election. Many polls show that immigration has become a key issue in the election, and Biden's popularity continues to be low. Analysts believe that he hopes to reverse the disadvantage this time. Political insiders revealed that when the White House was conceiving the plan, it had expected that this executive order would be challenged by law, so the team has formulated a response method, including citing Section 212 (F) of the Immigration and Nationality Act. When the immigrants harm the national interest, the president can restrict the entry of certain immigrants. Trump also banned immigrants from entering the country many times by executive order during his tenure, also citing the same law.
As for the civil rights camp, the American Civil Liberties Union said it would file a lawsuit to challenge the Biden administration. Its lawyer Gelernt emphasized that banning refugees from seeking asylum is an "illegal" policy. Several organizations concerned about immigration are angry and disappointed with the new policy, criticizing the measures that will only cause chaos. Biden called on all parties to remain "patient" and said that he will announce more measures in the coming weeks to make the immigration system "fairer and more just."
Less than a week after Trump was found guilty of 34 felony counts of falsifying business records, House Speaker Mike Johnson announced that the Department of Justice would be strengthened through a th... View MoreLess than a week after Trump was found guilty of 34 felony counts of falsifying business records, House Speaker Mike Johnson announced that the Department of Justice would be strengthened through a three-pronged strategy of appropriation, legislation, and supervision, and accused prosecutors of abusing the prosecution process to attack Trump personally.
Johnson held a press conference on Capitol Hill on the 4th, criticizing the judiciary for being "too risky" and "the public is losing confidence in government agencies." Congress must try to reverse this phenomenon, so the House of Representatives is studying a variety of methods, including tightening the appropriation process, legislative process, and congressional oversight, and then actively exercising relevant powers. Johnson even accused Alvin Bragg, the Manhattan District Attorney in charge of the hush money case, of being "rogue" and using the judiciary as a weapon to attack Trump. "Everyone knows that if the person (involved in the case) was not Trump, there would never be any charges in Manhattan."
Steve Scalise, the second Republican in the House of Representatives, said at a press conference that Congress is investigating the issue of "weaponization" of the executive branch, and Tom Emmer also said that he has urged the Department of Justice to criminally refer the key witness in the hush money case, Trump's former personal lawyer Michael Cohen.
In fact, before Johnson and others officially announced, Jim Jordan, chairman of the House Judiciary Committee, took the lead last week and "required" Alvin Bragg and another prosecutor involved in the hush money case, Matthew Colangelo, to appear in court to testify for Trump's "unprecedented political prosecution." Jordan wrote to Tom Cole, chairman of the House Appropriations Committee, on the 3rd, asking the committee to "reform" this year's appropriation process and prohibit the FBI from using public funds when adding new facilities at its headquarters; all prosecutors who prosecute Trump are not allowed to receive federal funding, including Alvin Bragg, New York Attorney General Letitia James, and Fulton County District Attorney Fani Willis in Georgia; and cut funding for the office of Special Prosecutor Jack Smith of the Department of Justice.
Over the past 18 months, the Republican Party has been dissatisfied with Trump's repeated criminal and civil lawsuits, and has been accusing the Biden administration of "weaponizing" the judiciary and threatening to use control of the House of Representatives to fight back, but various actions have never made progress until Trump was convicted last week, when this agenda became the focus again.
Currently, Trump still has three criminal cases pending, namely the confidential documents case of the Department of Justice, the election dispute case, and the election dispute case in Georgia.
The House Judiciary Committee held a hearing to investigate whether the Department of Justice had abused its power to attack former President Trump. During the meeting, members of the two parties conf... View MoreThe House Judiciary Committee held a hearing to investigate whether the Department of Justice had abused its power to attack former President Trump. During the meeting, members of the two parties confronted each other, and the atmosphere of partisan struggle was extremely obvious. Attorney General Merrick Garland refuted during his testimony, criticizing the House Republicans for hyping "baseless and extremely dangerous lies" and describing himself as not being scared by the threat of contempt of Congress.
When presiding over the hearing on the 4th, Jim Jordan, chairman of the House Judiciary Committee, accused the Department of Justice of having double standards under Garland's leadership, targeting Trump on the one hand and protecting the current President Biden on the other. Other Republican members also questioned that it was because the Department of Justice cooperated with local prosecutors that Trump was convicted in the hush money case.
However, Democratic members of the House Judiciary Committee fought back, accusing the Republicans of abusing congressional oversight to protect Trump. Congressman Jerrold Nadler described the Judiciary Committee as having become a vassal of Trump's campaign team, and this hearing was just to lash out at Garland and throw out more ridiculous remarks. Another congressman, Adam Schiff, mocked that the Republican presidential nominee became a felon and the Republican Party was at a loss and had to resort to this desperate measure.
When testifying, Garland criticized that the Republican conspiracy theory was "attacking the judicial process" and causing harm to judicial officials. He also emphasized that the hush money case was handled by Manhattan District Attorney Alvin Bragg and he did not play any role.
When the topic turned to Biden's confidential documents case, Garland reiterated that he had not heard Biden's recordings and believed that the investigators' written records were accurate, so there was no need to transfer the recordings to the House of Representatives. If Republican lawmakers used this to sue him for contempt of Congress, it would only be one of a "series" of actions to attack the Department of Justice. He and the Department of Justice would not be scared and would continue to work without being influenced by politics.
When a congressman asked whether the Department of Justice had maintained the rule of law, Garland became obviously emotional, emphasizing that he had been committed to maintaining the rule of law throughout his career, and he also followed precedents and treated all cases equally. When investigating potential crimes, he would not distinguish between friends and enemies, nor would he consider whether the suspects were powerful or political figures.
Elon Musk's social platform X has modified its user guide and officially opened up the upload of adult video content. As long as adult nudity or sexual behavior is produced and disseminated with the c... View MoreElon Musk's social platform X has modified its user guide and officially opened up the upload of adult video content. As long as adult nudity or sexual behavior is produced and disseminated with the consent of both parties, users can share it. The new policy also applies to adult images, comics or 18+ anime generated by artificial intelligence (AI). However, X still restricts children and adult users who choose not to watch from viewing adult content.
Adult content and nude images have existed on X's predecessor Twitter for many years, and have never been explicitly banned before Musk took over at the end of 2022. This practice is in sharp contrast to other social platforms, such as Meta's Instagram, Facebook, TikTok, and YouTube.
X recently updated its policy, pointing out that "sexual performance, whether visual or written, can be a legitimate form of artistic expression."
Although the new policy allows limited adult content, X still requires it to be clearly marked and is not allowed to appear in overly conspicuous locations such as user profile pictures and covers. Accounts that frequently upload such content need to adjust the relevant settings so that all photos and videos will be warned, allowing other users to choose whether to watch them.
X still restricts children and adult users who choose not to watch adult content from viewing it, and also prohibits content that promotes exploitation, non-consensual, objectification, sexualization or harm to minors, and obscene behavior.
The X security team wrote that the new policy will "make our rules clearer and enforcement in these areas more transparent."
On the 3rd local time, some stock prices in the U.S. stock market showed a drop of more than 98%, and then they were temporarily suspended. In response, the New York Stock Exchange (hereinafter referr... View MoreOn the 3rd local time, some stock prices in the U.S. stock market showed a drop of more than 98%, and then they were temporarily suspended. In response, the New York Stock Exchange (hereinafter referred to as "NYSE") responded that the abnormal stock market was caused by technical failures.
On the same day, the Class A shares of Berkshire Hathaway, owned by the famous American investor Warren Buffett, once fell from more than US$620,000 per share to US$185.10, and the stock price fell by 99.97%. In addition, the prices of many stocks such as Bank of Montreal and Barrick Gold fell by more than 98%.
The above-mentioned huge fluctuations triggered the temporary suspension of the relevant stocks during the trading session, and trading was resumed nearly two hours later. The New York Stock Exchange stated that there was a technical problem in the price range of the Securities Information Processing System (SIP) of the Consolidated Securities Quotations Association (CTA), which led to abnormal prices of some stocks. The problem has been resolved. The Consolidated Securities Quotations Association said that the technical problem "may be related to the new software version."
According to a reporter from China News Service, on the 3rd, more than 40 stocks and funds were temporarily suspended during the trading session at the New York Stock Exchange. Before the suspension, there were a small number of transactions below normal prices in the market. As a rule, transactions that are judged to be abnormally priced will be reversed and closed.
Recently, the New York Stock Exchange has experienced a series of technical failures. Last Thursday, the S&P 500 stock index suspended real-time data updates for one hour due to a technical failure.
When Hunter's illegal gun possession case was tried, many relatives of the family showed up in court to show their support, including stepmother Jill, who was celebrating her 73rd birthday, half-siste... View MoreWhen Hunter's illegal gun possession case was tried, many relatives of the family showed up in court to show their support, including stepmother Jill, who was celebrating her 73rd birthday, half-sister Ashley Biden, and Kevin Morris, a famous Hollywood lawyer who is familiar with the Biden family.
Hunter was accompanied by his wife Melissa Cohen to court on the 4th, and many relatives and friends also arrived one after another. Jill wore a purple suit jacket and sat in the first row of the audience with her daughter Ashley and granddaughter Naomi Biden's husband Neil (Peter Neal). While waiting for the court to start, Hunter wished Jill a happy birthday and joked that he had arranged a "special event" for her.
As seen by reporters on the scene, Jill did not show much expression during the trial, while Ashley was always focused, occasionally leaning forward and taking notes with pencils and notebooks. When the judge announced a break, Jill and Ashley stood up and hugged Hunter, kissed and stroked his cheeks to cheer him up, and their care was beyond words.
During the jury selection, Hunter, who is 54 years old, wore reading glasses, listened seriously and took notes from time to time, and often whispered with his lawyer Abbe Lowell. Lowell once put his hand on Hunter's shoulder and hugged him to show his support.
When the court announced a lunch break, Hunter jumped up from his seat like a student hearing the school bell, smiled and fist-bumped and hugged his relatives and friends one by one.
Ricky Smith, a family friend in the court, said that Hunter should not be prosecuted for drug use.
On the weekend before the trial of this case, President Biden accompanied Hunter to spend time with his family. The father and son vacationed together in Rehoboth Beach, Delaware on the afternoon of the 1st, during which they rode bicycles and participated in church worship.
Biden rarely described former President Trump as a "convicted felon" and accused him of being "mentally deranged" after the 2020 election. Political circles described Biden's move as a sign that the s... View MoreBiden rarely described former President Trump as a "convicted felon" and accused him of being "mentally deranged" after the 2020 election. Political circles described Biden's move as a sign that the strategy of campaign propaganda has been adjusted and he has begun to attack Trump in a simpler and more direct direction.
Biden attended a fundraising event in Greenwich, Connecticut on the 3rd, saying that this was the first time in the country's history that a former president convicted of a felony was running again, and that his opponent's frequent attacks on the judicial system had an even greater impact on the country. Biden also said that "something happened to Trump" after the 2020 election, "driving him crazy", so the opponent is now "mentally deranged".
Trump was found guilty of all 34 counts of falsifying business records in the hush money case. On the 30th, he told reporters outside Trump Tower in New York that the hearing was just a "scam" and the entire process was controlled by Biden and his allies. Biden responded on the same day, criticizing Trump's remarks as "reckless and dangerous". The defendant may oppose the verdict, but cannot attack the judicial system, otherwise it would be irresponsible. Biden also reiterated this point at the fundraising event on the 3rd.
It was revealed that before Trump was convicted, Biden's campaign team had considered increasing the intensity of the attack, such as publicly describing Trump as a "convicted felon", but considering that the Trump camp has repeatedly accused the case of judicial suppression, Biden's side chose to be cautious and avoid commenting on the litigation process to avoid being caught by Trump.
In an interview on the 2nd, Trump said that he did not mind going to jail or being under house arrest, but conservative people may not be able to tolerate it, and opposition may "erupt" again.
It is generally expected that Trump will appeal in the hush money case. He is still facing three other criminal cases, namely the Georgia election interference case, the Department of Justice's confidential documents case and the election interference case.
With just five months until voters go to the polls, the United States may be more vulnerable to foreign disinformation aimed at influencing voters and undermining democracy than before the 2020 electi... View MoreWith just five months until voters go to the polls, the United States may be more vulnerable to foreign disinformation aimed at influencing voters and undermining democracy than before the 2020 election, the head of the Senate Intelligence Committee said Monday.
Senator Mark Warner, a Democrat from Virginia, based his warning on several factors: improved disinformation tactics from countries like Russia; the rise of domestic candidates and groups who are also willing to spread false information; and the emergence of artificial intelligence (AI) programs that can quickly create images, audio and video that are difficult to distinguish from the real thing.
In addition, technology companies have withdrawn efforts to protect users from false information, and the government's own progress in addressing the problem has been mired in debates about surveillance and censorship.
As a result, Warner said, the United States may face a greater threat of disinformation before the 2024 election than in the 2016 or 2020 presidential elections. "In 2024, 155 days before the election, we may not be as prepared as we were in 2020 under former President Trump," Warner said.
Security officials, democracy activists and disinformation researchers have noted similar activity in 2016 and 2020, and have warned for years that groups in Russia, Iran and the United States will use online platforms to spread false and polarizing content aimed at influencing the race between Trump and President Joe Biden.
Warner's assessment of U.S. vulnerability comes just weeks after senior security officials told the Intelligence Committee that the United States has greatly improved its ability to combat foreign disinformation.
However, some new challenges will make the 2024 election different from previous election cycles.
AI has been used to generate misleading content, such as an automated call imitating Biden's voice telling New Hampshire voters not to vote in the state's primary. Deceptive deep fakes created by AI have also appeared before elections in India, Mexico, Moldova, Slovakia and Bangladesh.
Federal agencies have communicated with tech companies about disinformation campaigns, but the process has been complicated by court cases and contentious questions about the government’s role in policing political discourse.
Tech platforms have largely abandoned aggressive policies banning election misinformation. Platform X has fired most of its content reviewers and taken a hands-off approach.
Last year, Google-owned YouTube changed its policy banning false election rhetoric and now allows videos arguing that the 2020 election was stolen.
Meta, which owns Facebook, WhatsApp and Instagram, prohibits posts that interfere with the electoral process and removes content that involves foreign influence. The platform also said it would label content generated by AI. But the company also allowed political ads that claimed the 2020 election was rigged, which critics said undercut its commitment.
“I’m not sure these companies have done anything meaningful other than issuing press releases,” Warner said.
New Jersey Democrat Bob Menendez, a U.S. senator who is on trial in New York on federal bribery charges, has filed to run for reelection as an independent.
Menendez, 70, said this year that he would ... View MoreNew Jersey Democrat Bob Menendez, a U.S. senator who is on trial in New York on federal bribery charges, has filed to run for reelection as an independent.
Menendez, 70, said this year that he would not seek the Democratic nomination to continue his fourth term. He filed documents with the state on Monday (3rd) to run as an independent candidate on the ballot. He previously said he might run as an independent candidate.
When asked if he would change parties, Menendez said in Spanish: "No, running independently does not mean I want to change parties." He said he has done a lot for New Jersey, especially during the epidemic and after Superstorm Sandy.
Given the Democratic Party's tenuous control in the Senate, and New Jersey is usually safely in the hands of the Democratic Party. It is unclear how much support Menendez can get in the competition with U.S. Representative Andy Kim. Kim is in a good position in the Democratic primary. Republicans have not won a U.S. Senate election in the state since 1972.
King, a three-term congressman from the 3rd District, said Menendez was running for himself, not for the public. “Americans are tired of politicians putting their own interests ahead of the country’s,” King said.
Federal prosecutors in New York last year charged Menendez, his wife, Nadine Menendez, and three business partners with a scheme in which Menendez promised to use his position to help businessmen in exchange for gold bars, cash, a mortgage on his wife’s house and a luxury car. The Menendezes and two of the business partners have pleaded not guilty. The third defendant pleaded guilty and agreed to testify.
In court, prosecutors said Menendez tried to use his position to enrich himself by helping business partner Wael Hana gain a monopoly on certifying meat exports to Egypt in accordance with Islamic guidelines and assisting Fred Daibes with investments tied to members of the Qatari royal family.
Menendez has denied any corruption scheme. Daibes and Hana were tried alongside Menendez. Nadine is being treated for breast cancer and is expected to go on trial later this summer.
Menendez has held elected office for most of his life, serving on the school board in Union City, New Jersey, just two years after graduating from high school. From there, he was elected to the Legislature and then to the U.S. Senate in 2006.
He survived politically in 2017 after another federal trial — he was accused of using his position to help a friend defraud health insurance. The jury deadlocked and prosecutors refused to reopen the trial. Menendez won reelection in 2018 with the support of the state's Democratic establishment.
But his political fortunes turned after he was indicted in September 2023, with allies across the state, including Gov. Phil Murphy, and the Senate calling for his resignation.
Steve Daines, chairman of the National Republican Senatorial Committee, said Menendez's decision "makes this race a little more interesting."
Democrats said they believe their party will retain control of the seat.
According to a study released on the 3rd by the National Energy Assistance Directors Association (NEADA) and the Center on Energy, Poverty and Climate (CEPC), household energy bills across the United ... View MoreAccording to a study released on the 3rd by the National Energy Assistance Directors Association (NEADA) and the Center on Energy, Poverty and Climate (CEPC), household energy bills across the United States are expected to rise 7.9% this summer due to increased cooling costs caused by extreme heat.
NEADA and the Center on Energy, Poverty and Climate are Washington-based policy organizations that focus on providing affordable energy to low-income people. The two organizations said that from June to September, household electricity costs in the Mid-Atlantic and West Coast states are expected to rise the most, up about 12% from the same period last year. Midwestern states and parts of the South may also see a sharp increase of about 10%.
Due to extreme temperatures and growing electricity demand, household electricity bills across the United States continue to rise in the summer, which has a disproportionate impact on low-income households. They may face dangerous situations of exposure to high temperatures.
It is estimated that summer household cooling costs from June to September in 2024 are expected to reach $719, compared with $476 a decade ago. The overall cost may be the highest in the South, with electricity bills in Texas and surrounding states expected to reach $858 this summer. And utility consumer debt has risen from $17.5 billion to $20.3 billion in December 2023. About 21.2 million households, or 16% of all households in the United States, are behind on their energy bills.
The report said: "Access to affordable cooling is not just about comfort. For many people, especially low-income households and members of vulnerable groups, the difference can be significant, either staying safe and cool or ending up in the emergency room due to heat stroke, heart attack or other heat-related illnesses."
A recent report from S&P Global Mobility found that the average age of cars and light trucks in the U.S. has risen to a record 12.6 years in 2024, two months more than in 2023.
The trend of increasin... View MoreA recent report from S&P Global Mobility found that the average age of cars and light trucks in the U.S. has risen to a record 12.6 years in 2024, two months more than in 2023.
The trend of increasing age of cars has not affected new car sales, and analysts believe that this provides business opportunities for the aftermarket and automotive service industry. Todd Campau, head of S&P Global Mobility's aftermarket business, said in a statement after the report: "As the average age of vehicles increases, more and more vehicles are entering the best period for after-sales service, which is usually 6 to 14 years. Currently, there are more than 110 million vehicles in this best period, accounting for nearly 38% of cars on the road. We expect the number of vehicles in this period to continue to grow by 2028, and is expected to reach 40%."
At the beginning of this year, the scrap rate (a measure of vehicles leaving the active market) continued to remain stable at 4.6%, up only 1/10 percentage point from January 2023.
Since 2020, S&P Global Mobility found that more than 27 million passenger cars have been withdrawn from the market, while just over 13 million new passenger cars have been registered. At the same time, more than 26 million light trucks (including utility vehicles) have been scrapped, and nearly 45 million are registered. "Consumers continue to show a preference for utility vehicles, and manufacturers have adjusted their portfolios accordingly. This will continue to reshape the composition of vehicles in operation in the market," Campo said.
The number of vehicles still in operation surged to 286 million in January, 2 million more than in 2023, but the distribution of vehicles by age is changing. In 2019, vehicles under 6 years old accounted for 98 million, about 35% of the total. According to S&P Global Mobility estimates, there are less than 90 million vehicles under 6 years old today. Analysts believe that this is caused by the new crown epidemic and subsequent supply chain shortages, which disrupted the record high vehicle supply and registration from 2015 to 2019. In the next five years, vehicles between six and 14 years old are expected to account for 70% or more of the total.
As for electric vehicles, their operation increased to 3.2 million at the beginning of this year, an increase of about 52% compared with 2022. Campo said that while the growth of electric vehicles is slower than some automakers expected, the average age of electric vehicles is likely to rise in the short term. The average age of electric vehicles in the United States is 3.5 years, which has remained basically stable since 2019. "We expect the share of electric vehicles in operation to grow significantly over the next decade," Campo said.
Biden's son Hunter Biden is on trial for gun charges, the first time in U.S. history that a child of a sitting president has been prosecuted. Meanwhile, as the leader of the Democratic Party, Biden is... View MoreBiden's son Hunter Biden is on trial for gun charges, the first time in U.S. history that a child of a sitting president has been prosecuted. Meanwhile, as the leader of the Democratic Party, Biden is stepping up his re-election campaign.
Biden said that as president he would not comment on Hunter Biden's criminal trial. But as a father, he has "infinite love" for his son.
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