Automakers Hit Reverse On Idealistic Electric Vehicle Targets Despite Billions In Biden-Harris Subsidies
Automakers continued to slip away from electric vehicle (EV) targets last year as weak consumer demand stifled growth, despite the Biden-Harris administration pumping billions of yen into the electric vehicle industry through subsidies. Since February, many automakers have abandoned their primary EV goals, with Volvo, Ford and Mercedes-Benz all reducing EV allocations or dropping previously […]
‘Headed For Obsolescence’: Chinese Automakers Could Be Poised To Wipe Out American Car Titans
U.S. automakers will need to make big changes to their operations if they want to stay competitive with Chinese electric vehicles (EVs) that are flooding the global market, according to an analysis by an auto industry consultant. US manufacturers are currently Tens of billions AlixPartners predicts that Chinese rivals will hold about a third of […]
Dem Demands On Automakers Could Backfire On Their Own Climate Agenda And Americans’ Wallets, Experts Say
The Democratic Party is aiming to increase union membership in the auto industry, but Joe Biden says doing so will increase consumer prices and worsen workers' wages, while at the same time increasing the use of electric vehicles (EVs). It could thwart the president's dreams, experts told the Daily Caller News Foundation. In early January, […]
