US Auto Lobby Group Warns EPA Of China's Rising Threat In Race For EV Supremacy
Portfolio Pulse from Anan Ashraf
Alliance For Automotive Innovation's CEO, John Bozzella, warns that pushing EV mandates too quickly could give China a stronger foothold in the US EV battery supply chain and automotive market. He believes the EPA's proposal for 37% of new light-duty cars to be electric by 2027 and over 60% by 2030 may not be feasible due to current market conditions and supply chain issues.
June 13, 2023 | 11:45 am
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POSITIVE IMPACT
BYD Co could benefit from the US pushing EV mandates too quickly, as it may gain a stronger foothold in the US EV battery supply chain and automotive market.
As the US pushes for more aggressive EV adoption, Chinese automakers like BYD Co could capitalize on the growing demand and supply chain issues in the US. This could lead to increased sales and market share for BYD Co in the US EV market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ford may face increased competition from Chinese automakers if the US pushes EV mandates too quickly, potentially impacting its market share in the EV market.
If the US pushes for aggressive EV adoption, Ford may face increased competition from Chinese automakers like BYD Co, which could impact Ford's market share and sales in the US EV market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla may face increased competition from Chinese automakers like BYD Co if the US pushes EV mandates too quickly, potentially impacting its market share.
If the US pushes for aggressive EV adoption, Tesla may face increased competition from Chinese automakers like BYD Co, which could impact Tesla's market share and sales in the US EV market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80