CleanTechnica•27 days ago
GM Profit Sharing Takes a Hit & Some UAW Members Blame EVs
- •GM's profit sharing has decreased, with some UAW members attributing this to the transition to electric vehicles (EVs), indicating potential labor and cost challenges in EV manufacturing.
- •Tesla is experiencing a downturn in sales, revenue, and earnings, suggesting a potential cooling or maturation of the EV market, despite the company remaining profitable.
- •The article implies a potential slowdown in EV adoption rates or a shift in market dynamics, which could impact future electricity demand growth projections for charging infrastructure and related grid investments.
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