June 18, 2024

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The Auto Makers Cry for EV Mercy

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General Motors last week said it is delaying electric pick-up truck production in Michigan, citing slowing demand for EVs and the need to make them more profitable. But the Biden Administration’s back-door EV mandate is ironically causing trouble for its plans for green-vehicle investment.

On Sept. 14, the day before the United Auto Workers launched its strike, the Energy Department sent letters to Ford, General Motors and Stellantis asking for help understanding “specific challenges” to its proposed rule that would reduce the credits under the corporate average fuel economy (Cafe) standards for producing electric vehicles.

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2023-10-22 16:20:00

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