Reuters reports Detroit's near future based on SUVs, not EVs | Reuters News Agency

Reuters reports Detroit’s near future based on SUVs, not EVs

While General Motors Co and Ford Motor Co have widely touted their commitment to emission-free electric cars, Reuters took readers on a deep dive into how their production plans show a growing reliance on ever-larger gas-powered vehicles. Detailed production plans for North America seen by Reuters show that Detroit’s Big Two are betting their short-term future on satisfying America’s demand for bigger, petroleum-fueled vehicles which they can sell at a higher profit margin than mostly smaller, expensive-to-develop electric vehicles.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Americas
Story Types: Special Report / Insight
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