Why The American EV Dream Is Falling Apart
Companies invested more than $200 billion into US EV manufacturing across the US through 2024, mostly in Republican areas and much of it in the South. But now it's all in jeopardy. Automakers are canceling factories, cutting production, laying off workers and shifting back to gas.The federal government has rolled back EV funding and is planning to relax emissions standards. Now, some say automakers stand to lose $100 billion or more on their investments in the US. We've never seen anything like this in the ...