U.S. Automakers Face Battery Supply Hurdles Threatening EV Goals

• Automakers struggling to meet battery supply chain rules, opting for cheaper Chinese batteries • Exclusion of China from supply chain increases costs, hinders competitive US EV market • Ford and GM cutting EV prices and investments, GM shifting focus to hybrids • Doubling battery material requirements by 2027 will be difficult, putting Biden EV goals at risk • Consumer Reports found EVs have 80% more problems, less reliable than combustion engine cars