This edition of the Automotive Industry Spotlight will focus on how the results of the 2024 U.S. presidential election may impact the mid- and long-term strategies of automakers. In industry news, General Motors (GM) abandoned its 2025 electric vehicle (EV) production target, citing the significant slowdown in consumer demand. Industry Focus — The Presidential Election and the Future of EV PolicyThe rapidly changing shape of the 2024 presidential election has thrown the predictability of long-term policy, particularly as it relates to EVs, into question. A recent automotive consumer study by Cox Automotive highlighted significant consumer uncertainty with the automotive market as it relates to the presidential election. Automotive Industry Spotlight Archive

Source: New York Times July 31, 2024 13:20 UTC