Auto Execs Claim EV Transition Moved Too Fast Without Infrastructure, Risking Struggles for Automakers
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Former auto executives say the EV push happened too fast before infrastructure and consumer demand were ready.
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EV sales still only make up a tiny fraction of the overall auto market. Major automakers like Ford and Rivian are struggling with EV production.
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Executives argue more focus should have first gone to hybrids as a transitional step to full EVs. Hybrid sales are currently outperforming EVs.
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Oil supply remains critical to power today's vehicles and boost America's geopolitical leverage. The electrical grid also needs upgrading to handle increased EV charging.
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China's EV makers are growing but not yet an existential threat to U.S. automakers. The dealer model may evolve with more direct EV sales.