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The U.S. is falling further behind China and Europe in EV production

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U.S. President Joe Biden test the new Ford F-150 lightning truck as as he visits VDAB at Ford Dearborn Development Center in Dearborn, Michigan, May 18, 2021.

Leah Millis | Reuters

The U.S. lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020.

The world manufactured more than 10 million electric passenger vehicles between 2010 and 2020, according to the study. At the end of 2017, automakers based in the U.S. had churned out 20% of the global stock. By 2020, U.S. automakers represented just 18% of the cumulative number of…



Source cnbc.com

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