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
Keywords: general motors co, ford motor co, elections, environment, breaking news: politics, politics, autos, janet yellen, business news, defense, alternative and sustainable energy, transportation, breaking news: business, joe biden,