The US is the largest producer of oil in the world, and there is a very strong lobby for keeping that production up.
The US accounts for about 20% of total oil consumption, 2/3rds of that is transportation. If transportation were to be heavily electrified, it would be a meaningful drop in global oil consumption and cause prices to fall. Falling prices hurt US producers more than many overseas producers, as fracking is an expensive extraction method and most US production is from fracked wells.
The US is the largest producer of oil in the world, and there is a very strong lobby for keeping that production up.
The US accounts for about 20% of total oil consumption, 2/3rds of that is transportation. If transportation were to be heavily electrified, it would be a meaningful drop in global oil consumption and cause prices to fall. Falling prices hurt US producers more than many overseas producers, as fracking is an expensive extraction method and most US production is from fracked wells.