The Metro: Ford, GM and Stellantis retreated from EVs. Now more drivers want them
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Rising gas prices due to America's strikes against Iran have led to a renewed interest in electric vehicles, potentially impacting sales for companies like Ford, GM, and Stellantis. Automotive analyst John McElroy discusses the potential impact of EV sales on metro Detroit automakers, a significant part of the local economy.
Automakers are facing renewed interest in electric vehicles due to rising gas prices. As America's strikes against Iran continue, gas prices are rising, and more people are thinking about purchasing an electric vehicle. Automakers and auto suppliers are a huge part of metro Detroit's economy. The increased interest in EVs could impact sales for companies like Ford, GM, and Stellantis. However, it's unclear how much EV sales will actually increase, given the decline in car sales over the past few decades. Automotive analyst John McElroy is discussing the potential impact of EV sales on metro Detroit automakers.
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