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Yellen touts electric vehicle 'boom' as automakers tone down hype - TL;DR CNBC

Yellen touts electric vehicle 'boom' as automakers tone down hype

Publishing timestamp: 2024-03-13 18:13:48


Summary

Automakers like Ford and General Motors are lowering their expectations for EV consumer demand, while Biden is slowing down his EV push. Treasury Secretary Janet Yellen praised Biden's investment in electric vehicles, but the private sector is tempering its mood on all-electric vehicles. Biden's aggressive EV goals have become a political liability as well.


Sentiment: MIXED

Tickers: FGM

Keywords: general motors coford motor coelectionsenvironmentbreaking news: politicspoliticsautosjanet yellenbusiness newsdefensealternative and sustainable energytransportationbreaking news: businessjoe biden

Source: https://www.cnbc.com/2024/03/13/janet-yellen-says-biden-spurred-electric-vehicle-investment-boom.html


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