Bob Lee, North American president of LG Energy Solution, speaks about the automotive industry's pivotal moment in electrification, likening it to steamships vs. sailboats in the late 19th century. The U.S. is retreating from its aggressive climate goals amidst slowing EV sales. Lee cautions that if America regresses and does not focus on electric vehicle technology, it risks losing its automotive industry as global players advance in cleaner technologies. He underscores the importance of continued investment in EVs for competitiveness.
"If [America] decides not to do EVs, if we decide we're going back to internal combustion, and the rest of the world is moving on to cleaner things, what is the rest of the world going to buy?"
"Nobody is investing in better sails," said Lee, emphasizing the risk in slowing down electric vehicle advancements as sales growth slows.
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