Automakers lost $70B through anti-EV lobbying. Investors should be outraged.
Perhaps you’ve heard the news – automakers across the industry are canceling EV investments, taking tens of billions in losses in response to a claimed lack in customer demand for EVs (even as EV sales in fact continue to rise globally and gas car sales have peaked).
A new analysis by InfluenceMap shows how automakers actually made their own bed, by flip-flopping on their own lobbying efforts and contributing to the regulatory instability that currently plagues an industry with long planning timelines and global competitors that have not hamstrung themselves with such uncertainty.
