CleanTechnica•3 days ago
US Automakers Will Fall Further & Further Behind Chinese on Electrification
Key Takeaway
The perceived lag in US EV adoption by domestic automakers signals slower load growth from electrification and potentially reduced demand for associated renewable energy and charging infrastructure projects.
AI Summary
- •US automakers are perceived to be significantly lagging Chinese counterparts in EV development and production, continuing to prioritize internal combustion engine (ICE) vehicles.
- •This trend suggests slower growth in EV charging infrastructure demand in the US, potentially impacting load growth projections for utilities and the market for renewable energy PPAs from charging network developers.
- •The article implies a strategic misstep by US automakers, which could prompt future policy interventions or incentives aimed at accelerating domestic EV adoption and manufacturing.
- •Continued focus on gas guzzlers by US automakers will slow the decarbonization of the transportation sector, impacting overall emissions reduction targets.
Topics
emissionsfinancingoempolicyppasolarstoragewind
Article Content
And Europeans, too, for that matter. An op-ed was recently published in the Wall Street Journal with the title “Can U.S. Automakers Compete With Chinese EVs While Focusing on Gas Guzzlers?” Following Betteridge’s law of headlines, which states “Any headline that ends in a question mark can be answered by ... [continued] The post US Automakers Will Fall Further & Further Behind Chinese on Electrification appeared first on CleanTechnica .