As a result of the global coronavirus pandemic, there's been a shift in the electric vehicle market. The debate is on whether electric vehicle sales will decrease as a result of cheaper fuels or increase as people start seeing the ramifications of carbon emissions.
Ford, General Motors, and Fiat Chrysler all plan to reopen North American factories on May 18, a test of whether workers across a range of industries can return to factories in large numbers without a resurgence of COVID-19 infections.
President Trump activated the Defense Production Act, ordering GM to produce breathing ventilators, even as the company announced its own plans for doing so.
Despite South Korea’s tariff-free status, automakers aren’t flocking there due to the country’s tough labor unions that are known for striking, as well as benefits of avoiding tariffs not outweighing the associated costs of moving there.
