In recent years, Americans have increasingly adopted electric vehicles, but the industry’s future may hinge on the outcome of the upcoming presidential election.
The automotive industry is wary of potential shifts in electric vehicle policy depending on who wins the election, with EV sales growth in 2023 already at 50%.
Historically, leadership has influenced technology and manufacturing choices, as seen with the transition from wood to coal in the 18th century.
The willingness to commit to new technologies is crucial for industries like automotive and coal to thrive amidst changing market conditions.
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