Betting on Biden: Automakers Commit Billions to Electric Vehicles While Americans Stick with Gas-Powered CarsJohn Binder 6 Nov 2023
Automakers are taking the plunge with President Joe Biden, committing billions to produce electric vehicles (EVs) as part of labor contracts with the United Auto Workers (UAW) despite consumer trends showing Americans are largely uninterested.
Since the UAW announced deals with General Motors (GM), Ford, and Stellantis following its six-week-long strike against the Big Three, details have now emerged regarding the tentative contracts which are expected to be approved by auto workers.
According to Fortune, as part of the agreements with GM, Ford, and Stellantis, each automaker is committing billions to manufacture EVs despite consumer data showing Americans are sticking with gas-powered cars now more than ever.
At GM, auto executives have agreed to continue producing the all-electric Cadillac LYRIQ while adding another EV to its product line out of the Spring Hill Assembly Plant in Tennessee.
GM is also committing to producing an EV in partnership with another automaker, an EV SUV at its Factory Zero in Detroit, Michigan, and more EVs at its plants in Orion Township, Michigan; Kansas City, Kansas; and Lansing, Michigan.
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https://www.breitbart.com/economy/2023/11/06/betting-biden-automakers-commit-billions-electric-vehicles-while-americans-stick-gas-powered-cars/