End of EV euphoria triggers $92b hit for carmakers

 Posted in News
{“@context”:”https://schema.org”,”@type”:”BreadcrumbList”,”itemListElement”:[{“@type”:”ListItem”,”item”:{“@id”:”https://www.afr.com/companies”,”name”:”Companies”},”position”:1},{“@type”:”ListItem”,”item”:{“@id”:”https://www.afr.com/companies/transport”,”name”:”Transport”},”position”:2}]}
Kana Inagaki and Harry Dempsey

London | Tokyo | A reversal in electric vehicle ambitions has resulted in a hit of at least $US65 billion ($92 billion) for the global car industry in the past year as executives warned of more pain ahead in resetting their strategies.

Car makers were forced to overhaul their EV product and investment plans following a radical reversal in climate policy in the US, with companies that had made the biggest pivot away from petrol hit the hardest.

Loading…

Financial Times

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Latest In Transport

Fetching latest articles

Most Viewed In Companies

    More Ad Partners