Attachment: A

November 13, 2023–Written by John Egan for Industrial Info Resources (Sugar Land, Texas)–“You can lead a horse to water,” goes the adage, “but you can’t make it drink.” That aptly characterizes the U.S. electric vehicle (EV) market right now.

Despite a $7,500 federal incentive to people who buy or lease an EV, multibillion-dollar investments in new battery manufacturing facilities and the availability of federal cost-sharing dollars for companies to build out a national EV charging network, automakers are slowing their EV investments and recalibrating their growth trajectories, according to third-quarter earnings calls. To use another old transportation metaphor, they appear to be reluctant to put the cart before the horse.

Companies featured: General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F) and Tesla Incorporated (NASDAQ:TSLA)

Login to Read More