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deep tech Electrek May 08, 2026

How US automakers lobbied themselves into a $70B loss – and let China win

How US automakers lobbied themselves into a $70B loss – and let China win
AI Summary

Perhaps you’ve heard the news – automakers across the industry are canceling EV investments, taking tens of billions in losses in response to a claimed lack in customer demand for EVs (even as EV sales in fact continue to rise globally and gas car sales have peaked ). A new analysis by InfluenceMap shows how automakers actually made their own bed, by flip-flopping on their own lobbying efforts and contributing to the regulatory instability that currently plagues an industry with long planning ti

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