Remove Affordable Remove Auto Remove Auto Industry Remove Ohio
article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

By some estimates, upwards to 80,000 auto workers and a similar number in the auto supply chain have already been laid off globally to support the EV transition. The automaker has already begun idling auto plants and is warning of future closures to pay for its transition to EVs and to try to keep EV prices affordable.

Market 96
article thumbnail

The Congressional Review Act and its potential impact on EV tax credits

Plug in America

auto industry globally competitive. To spur EV adoption and increase Americans’ access to and the affordability of EVs, Congress passed legislation called the Inflation Reduction Act (IRA), which President Biden signed into law. The IRA catalyzed $500 billion in private-sector manufacturing jobs.

article thumbnail

2024 Polestar 2 Dual Motor Review - Not A Smart Time To Be Sexy Anyway

The Truth About Cars

Anyhow, it’s rather interesting that while most of the auto industry has been veering toward crossovers and SUVs for the past two decades, the most popular electric vehicles by far are, functionally, sedans. And maybe sock away something with an engine in a place, far outside the wire, that used to be a farm.

Motor 111
article thumbnail

The EV Transition Explained: Policy Roadblocks

Cars That Think

Affordability is expected to be just one highly contentious issue: Who, exactly, is going to pay for grid upgrades? Public opposition to wind turbine projects is growing in Illinois, Indiana and Ohio as well. Historically, auto regulation has dealt with “the negative externalities associated with the auto itself,” he explained.

Grid 104