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I don't understand this sentiment. Both Ford and GM have extensive operations, including R&D, outside of the United States, and these operations are heavily eng
by taylodl 2y ago
I don't understand this sentiment. Both Ford and GM have extensive operations, including R&D, outside of the United States, and these operations are heavily engaged in developing their respective EV platforms for vehicles sold in the US and abroad. The world is transitioning to EVs, and Ford and GM investors don't want to miss out on the global automotive market. So, I'm having trouble understanding how the US auto market "backpedaling" on EVs necessitates that the US auto industry will be "lost."
- neogodless 2y agoFor Ford and GM, their biggest problem is that so much of their market is domestic. Hopefully their leadership will continue to push them towards the best long-term end result, which presumably is a gradual but increasing transition to selling electric vehicles instead of internal combustion engines. With buyers in the United States both politically and financially discouraged from buying electric in the short term, it's going to be a more difficult transition. Currently, it's still expensive to research, develop, and produce electric vehicles, and sell them competitively in the United States. Range, charging speed, and price parity to internal combustion cars are challenges that they need to overcome, that are likely harder now compared to just a few months ago.