Financial News
Major Carmakers Say US Overambitious EV Plans Could Fail
Leading carmakers say President Joe Biden’s electric vehicle initiative is overambitious and doomed to fail. Battery-electric vehicles are still too expensive for a majority of the market, major automakers say, with most EV drivers taking up to 10 years to break even on their purchase.
President Biden based part of his campaign on electrifying America’s transportation sector and passed legislation that would…
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