US Falls Behind in Electric Vehicle Race, Threatening Auto Industry Competitiveness
ByAinvest
Thursday, Jan 29, 2026 9:02 am ET1min read
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The US auto industry is falling behind in the global electric vehicle (EV) race, with domestic EV sales growth flat in 2025, compared to a 20% increase globally. US automakers Ford and GM announced significant EV-related write-downs, reflecting losses from winding down or delaying EV plans. China, Europe, and emerging markets are accelerating EV adoption, with EVs making up a higher share of new passenger vehicle sales than in the US. This has direct implications for US automakers, suppliers, and autoworkers, potentially leading to higher prices, delayed innovations, and a risk of value creation happening elsewhere.
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