, Columnist
Tariffs and Timidity Are Driving US Carmakers into a Ditch
America seems to be giving up on EVs. It’s a disappointing move for a country whose capitalist thirst once created the modern auto industry.
Consumers will lose out.
Photographer: Angus Mordant/BloombergFaced with the greatest challenge of the 21st century, America is giving up.
Just 18 months ago, President Joe Biden was celebrating the passage of the Inflation Reduction Act or IRA, a $500 billion dollar law to revitalize the US economy and jump-start the transition to a zero-emission car and power sector.