CleanTechnica•13 days ago
Reasons For The Legacy EV Retreat
Key Takeaway
The significant write-off of EV investments by legacy automakers signals a potential slowdown in electricity demand growth from the transportation sector, requiring developers and large loads to reassess future grid expansion and infrastructure needs.
AI Summary
- •Legacy automakers have written off an estimated $55 billion in EV investments, signaling a significant re-evaluation or slowdown in their electric vehicle strategies.
- •This 'EV retreat' implies a potential deceleration in the anticipated growth of electricity demand from the transportation sector, impacting long-term load forecasts.
- •For developers, this could necessitate revised projections for future grid demand, potentially affecting the urgency and scale of new generation, transmission, and charging infrastructure projects.
- •Large power consumers, particularly those planning significant EV charging deployments or relying on rapid EV adoption for business models, should reassess their expansion plans and demand forecasts.
Topics
datacenteremissionsfinancingoempolicy
Article Content
This started as a response to Zach’s recent article asking “Why Have Automakers Written Off $55 Billion In EV Investments?” Zach encouraged me to flesh it out a little and post it as a followup article. Here are a few reasons why Detroit automakers were able to rack up such ... [continued] The post Reasons For The Legacy EV Retreat appeared first on CleanTechnica .