Automakers' Anti-EV Lobbying Tactics Come Back to Haunt Them: A $70 Billion Loss A shocking new report reveals that the world's top automakers have collectively lost a staggering $70 billion in market value due to their aggressive lobbying against electric vehicle (EV) adoption. The findings, which have sparked outrage among investors, suggest that the industry's attempts to slow down the transition to EVs have ultimately backfired. As governments around the world increasingly prioritize environmental policies and consumers opt for eco-friendly transportation options, the once-dominant gas-guzzlers are struggling to keep up. With investors calling for more sustainable business practices, can the automakers salvage their reputations and profits before it's too late?
Automakers lost $70B through anti-EV lobbying. Investors should be outraged. Electrek
