Ford's costly investment in electric vehicles has not yielded desired results, prompting questions about its strategy. President Joe Biden aims to limit EV imports from China, raising concerns about environmental impact. China's EV market faces potential challenges due to oversupply from subsidies, with investors and local governments hesitant to let companies fail. Protectionist measures in the EV industry are seen as a barrier to Chinese exports to the U.S. amid a slowdown in U.S. EV sales, creating political tensions.
Electric vehicles have become a hot-button political issue, posing a challenge for car executives amid a deceleration in the pace of U.S. EV sales https://t.co/Dl8iSvMwa3 https://t.co/Dl8iSvMwa3
NYT columnist: "E.V. protectionism looks less like a market tweak…than a market wall. It’s designed to keep Chinese exports entirely out of the United States, at least while the huge industrial stimulus of the Inflation Reduction Act kicks in." https://t.co/KqNcGRPrPV
"China's EV market could soon face a brutal reckoning" https://t.co/REWCXg6DMD "subsidies for the EV industry leading to a glut of new factories being built over the past few years. Many of them now sit empty" "[I]nvestors & local governments reluctant to let EV companies die" https://t.co/3XnGHRjY4E
President Joe Biden wants to stifle EV imports from China, but what at cost to the environment? https://t.co/OOvZO6vV5W via @opinion
From @WSJopinion: Ford’s expensive bet on electric vehicles isn’t paying off, so what’s its plan? Hamstring competitors that aren’t going all-in on EVs https://t.co/TB1PbFBYFI