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flag U.S. automakers cut EV plans due to losses, weak demand, and shifting policies, favoring profitable trucks and SUVs as Chinese EVs expand globally.

flag U.S. automakers are reducing EV investments amid financial losses and shifting policies, focusing instead on profitable trucks and SUVs as Chinese EV makers like BYD and Geely surge globally. flag With federal EV incentives expired and stricter emissions rules rolled back, companies including Ford, GM, and Stellantis are scaling back EV production despite ongoing commitments, citing weak demand for large, expensive EVs and challenges in achieving cost competitiveness.

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