Biden's Myopic EV Push: Fiat Vs. Consumerism In The Drive For Change
Undermining the American auto industry is a high priority.
Undermining the American auto industry is a high priority.
Competition between the two major powers.
High-interest rates are a major factor in slowing EV demand.
Motors in electric vehicles are powered by magnets mostly made of neodymium, a rare earth metal almost entirely mined in China. Since 2018, Beijing has raised the price by nearly 80%.