The woke Biden admin agenda is forcing auto manufacturers to go EV.
And “forcing” may be too strong a word. Auto execs seems to be all too happy to lose BILLIONS of dollars in building EV cars that people don’t want.
Will their shareholders be happy? Sounds like the CEO of a widget factory when told he was losing $10 a widget. His response, "Don't worry, we'll make it up on volume."
US automakers will soon be asking for a bailout. In the meantime, their foreign competitors will fill the vacuum. I found it interesting that Nardelli said the average person held on to their cars 12.6 years. US automakers will lose a substantial share of the market for a long time.