Ford CEO Jim Farley on Wednesday said he expects the cost of raw materials for electric vehicles to stay high, a clear sign that automakers will continue to increase prices on their new EVs.
The European Union on Thursday said it believes the new EV tax credit plan in the U.S. would break World Trade Organization rules by discriminating against European automakers.
President Joe Biden plans to invoke the Defense Production Act to help keep the supply of EV battery materials such as nickel and cobalt in production and readily available.
