The Lucy Ann Lance Show

Paula Gardner - 4 Issues To Watch in the U.S. Auto Industry

Episode Summary

July 16, 2024 ~ Lucy Ann Lance talks with Paula Gardner, Business Editor, Bridge Michigan. The U.S. auto industry is grappling with market and political uncertainty, especially around the transition from traditional gas-fueled cars to electric vehicles (EVs). This shift has caused fluctuations in market share and profitability, as well as consumer hesitancy due to high costs and concerns about EV infrastructure like charging networks and battery reliability. Automakers face challenges such as balancing investments between traditional and electric cars, and dealing with high percentages of leased EVs and their residual values.