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To facilitate the auto industry’s transition to vehicles, the Biden leadership has launched a series of projects to publicize the adoption of vehicles.
However, Bob Nardelli, the former CEO of Chrysler, is skeptical about the government’s performance in the transition.
In an interview with Fox Business, Nardelli discussed the demanding situations facing the U. S. auto industry.
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“There are 64,000 EV charging stations and 196,000 fuel stations,” he said.
Nardelli also pointed out reliability issues related to EV charging stations and classic fuel pumps.
“It’s just another problem, some other debacle of this administration, that seeks to create a revolution that allows for evolution,” he said. “You can’t force consumers to swallow it. “
With an increasing number of electric cars on U. S. roads, there is a growing number of electric cars on the roads. In the U. S. , there has been a lot of interest in electric vehicle stocks. However, Nardelli noted that recent developments in this area have fully met expectations.
“Tesla didn’t hit the figure in the first quarter,” he said.
In the first quarter of 2024, Tesla delivered 386,810 electric vehicles, down 8. 5% from the same quarter last year. The figure is also particularly lower than expectations from Wall Street, which had forecast deliveries of 454,200 vehicles.
Nardelli also criticized Chinese EV maker BYD, saying, “BYD missed him even more. There were 301,000. “
BYD sold 300,114 cars in the first quarter of 2024, down from its record quarterly high of 526,409 cars sold in the last 3 months.
When it comes to emerging players in the sector, Nardelli doesn’t have a positive view.
“Rivian lost $5. 4 billion last year,” he said. “So they’re having a great time, those startups will just make it. “
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Biden’s leadership recently highlighted the progress being made in the electric vehicle sector.
“Since the president took office, sales of electric vehicles have more than quadrupled, with more than four and a half million electric cars on the road,” the White House said in a press release.
However, the government’s regulatory stance may soon be relaxed.
The New York Times reported that Biden’s administration is slowing the pace of tailpipe emissions limits. The move is seen as a concession to automakers and unions, anonymous sources said.
“The speed substitution is a reaction to automakers saying it takes more time to build a national network of charging stations and EV charging, and unions needing more time to try to unionize new electric cars. in the country, especially in the South,” the report reads.
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