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Automakers are taking the plunge with President Joe Biden, committing billions to produce electric vehicles as part of labor contracts with the United Auto Workers despite consumer trends showing Americans are largely uninterested.deals with General Motors , Ford, and Stellantis following its six-week-long strike against the Big Three, details have now emerged regarding the tentative contracts which are expected to be approved by auto workers.
Meanwhile, Ford is betting billions on a number of new EVs — including a new all-electric truck — that it will produce at its plants in Dearborn, Michigan; Louisville, Kentucky; Sheffield, Ohio; and Flat Rock, Michigan.Stellantis, likewise, is planning to build an EV battery plant in Belvidere, Illinois, which executives have said will create about 1,300 American jobs.
Data from Edmunds.com found in September 2022, EVs sat on dealership lots for just 21 days before they were sold. Today, EVs are sitting on dealership lots for 65 days. “… now we’re going to build on it,” Fain told CNBC. “We just went on strike like we’ve never been on strike before and won a historic contract as a result. Now we’re going to organize like we’ve never organized before.”
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