
politics-automotive3.855 min read
"Automakers Warn of EV Demand as Trump Criticizes Electric Transition"
1 year ago•Source: Yahoo Finance
The latest politics automotive stories, summarized by AI


The Biden Administration is reportedly planning to slow down the rapid shift to electric vehicles (EVs) in order to give auto manufacturers more time to meet the White House's aims and to appease labor unions concerned about potential job losses. The new plan, expected to be finalized in early Spring, will extend the deadline for ramping up EV sales to 2030 instead of the original goal of achieving this before 2030. This move also aligns with President Biden's reelection campaign strategy, as labor union support is crucial, and it reflects a broader effort to balance environmental goals with economic and political considerations.