EV Transition: Too Fast, Too Pricey, Too Soon?

Electric vehicle demand in the US is slumping in 2024, causing US automakers to slash prices, introduce more mass market models, lay off workers, and even go into plug-in hybrids. Car czar Steve Rattner, whose Willett Advisors manages the personal and philanthropic assets of Michael R. Bloomberg, says that US automakers were trying to avoid the mistake they made with compact vehicles. J.D. Power Vice President of Electric Vehicle Practice Elizabeth Krear says that plug-in hybrids could serve as a gateway to EV adoption, and Rep. Haley Stevens of Michigan says that the transition to EVs cannot happen without the role of labor.
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: Twitter: BloombergTV
Facebook: Facebook: BloombergTelevision
Instagram: Instagram: bloombergtv

Connect with Bloomberg Business on:
X: Twitter: business
Facebook: Facebook: bloombergbusiness
Instagram: Instagram: bloombergbusiness
TikTok: https://www.tiktok.com/@bloombergbusi...
Reddit: Reddit: bloomberg
LinkedIn: LinkedIn: bloomberg-news

More from Bloomberg:
Bloomberg Radio: Twitter: BloombergRadio

Bloomberg Surveillance: Twitter: bsurveillance
Bloomberg Politics: Twitter: bpolitics
Bloomberg Originals: Twitter: bbgoriginals

Watch more on YouTube:
Bloomberg Technology: @bloombergtechnology
Bloomberg Originals: @business
Bloomberg Quicktake: @bloombergquicktake
Bloomberg Espanol: @bloomberg_espanol
Bloomberg Podcasts: @bloombergpodcasts