How US automakers lobbied themselves into a $70B loss – and let China win
Perhaps you’ve heard the news – automakers across the industry are canceling EV investments, taking tens of billions in losses in response to a claimed lack in customer demand for EVs (even as EV sales in fact continue to rise globally and gas car sales have peaked). A new analysis by InfluenceMap shows how automakers actually made their own bed, by flip-flopping on their own lobbying efforts and contributing to the regulatory instability that currently plagues an industry with long planning tim
Perhaps you’ve heard the news – automakers across the industry are canceling EV investments, taking tens of billions in losses in response to a claimed lack in customer demand for EVs (even as EV sales in fact continue to rise globally and gas car sales have peaked). A new analysis by InfluenceMap shows how automakers actually made their own bed, by flip-flopping on their own lobbying efforts and contributing to the regulatory instability that currently plagues an industry with long planning tim
Source: Original article