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The Hidden Costs of the EV Retreat

15 Sep 2024 | Abstracted from Time

"In recent months, major automakers have announced plan after plan to slow their transition to electric vehicles...the stop-and-go transition away from gas-powered cars happening across the industry weighs even greater on the thousands of companies that directly or indirectly supply automakers...A report from consulting firm PwC found that much less of EVs' value, 35% to 40%, would come from components from suppliers.

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