From Investing.com: 2024-09-14 04:30:00

The Biden administration’s environmental agenda has spurred EV adoption in the U.S., with penetration rising to 10% in 2024. However, recent growth has slowed, raising concerns about meeting CARB and EPA targets. Bernstein suggests additional support or more realistic goals may be necessary to avoid penalties for non-compliance.

If a Democratic administration continues, EV growth will be supported, but adjustments may be needed. Conversely, a Republican administration could seek to reverse EV policies, facing challenges to do so. Changes in EPA policy could significantly impact the EV landscape, affecting automakers.

Bernstein recommends OEMs focus on technological leadership and cost reductions for EVs, alongside flexibility in manufacturing plans. Stellantis is seen as well-prepared for potential policy changes, with a global footprint to offset U.S. impacts. GM’s BEV strategy benefits from Democratic support, while Ford may need to adjust under a Republican scenario.



Read more at Investing.com: EV Growth Faces Uncertainty Amid Policy Shifts and Election Dynamics: Bernstein By Investing.com