Automakers, battery makers and suppliers have been directing billions of dollars to factories and other facilities across the United States – mostly in Republican areas, especially in the South. But EV sales forecasts are dropping, and federal support has dried up. Automakers are pivoting away from EVs and toward hybrid and gas vehicles. They are writing down EV investments, pivoting to hybrid and gas and, in many cases, laying off workers. CNBC visited two southern industry towns to see what the future holds.
Chapters:
00:00 Introduction
01:23 Chapter 1: The investments
06:43 Chapter 2: Demand falls short
10:12 Chapter 3: Politics
14:31 Chapter 4: Fallout and pivot
24:08 Chapter 5: Looking forward
Producer: Robert Ferris
Senior Managing Producer: Tala Hadavi
Editor: Darren Geeter
Camera: Magdalena Petrova, Alec Ritter, John Falchetto
Additional footage: Getty Images, Rivian Automotive, Hyundai Motor Group, Ford Motor Company, Tesla Motors, Volkswagen, Toyota, Lucid Motors, South Carolina Ports Authority
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Why The American EV Dream Is Unraveling
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