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Union vs New-age: who will win the EV battle?
Recently, a proposal put unionized automakers and new-age automakers into a head-to-head situation. TheU.S. Democrats proposed a new draft t Show More
Recently, a proposal put unionized automakers and new-age automakers into a head-to-head situation. TheU.S. Democrats proposed a new draft to offer up to $12,500 tax credits for people buying EVs built by unionized automakers like General Motors, Ford, and Chrysler, while the credits are limited to only $7,500 for people to purchase EVs built by other automakers such as Tesla.
This could start a battle between the New-age and the Union. Tesla CEO Elon Musk commented that the new proposal was 「written by Ford/Union lobbyists".On the one hand, some people believe that fewer tax credits will suppress the demand for new-age automakers. On the other hand, the New-age still has a chance to win due to better product competitiveness and less corruption.
Is the new proposal a boon or a bane? Do you have a feeling that which party will win the EV battle and dominate the market?
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