EDTA President Genevieve Cullen said 3 forces are accelerating EV adoption: “technology, policy and markets,” whether the UAW likes it or not. Just ask Joe Biden.
As Cullen put it at MOVE 2023, “The future is electric. The only questions are: how fast will we get there and will we lead or lag the market?” The answers depend upon technology, policy and markets, she added.The technology piece is battery advances, component advances, and access to the critical minerals needed for them.
Cullen also cited the global supply chain as one of the factors that will drive or stall EV adoption in the U.S., and those factors include the EV and battery plants that automakers have announced, including the ones that are giving the UAW pause. There’s been over $200 billion in private sector investment to be made by 2030 announced already by the industry, she added.The policy piece goes beyond the $3 trillion in funding and incentives though, Cullen explained.
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