Plain English with Derek Thompson cover image

Plain English with Derek Thompson

America's Biggest Car Companies Are in Trouble

Mar 26, 2024
Robinson Meyer, founding executive editor of Heatmap, discusses the structural decline of gas cars and the rise of EVs. China's EVs pose a threat to America's Big Three automakers. Biden aims for a green future made in America, but currently, China leads the EV market.
50:11

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • EV sales are rising despite media negativity, signaling a shift to sustainable transportation.
  • Big Three automakers in the US face challenges with EV transition and competition from Chinese companies.

Deep dives

Electric Vehicle Market Growth

Electric vehicles and hybrids are rapidly growing in demand in the US, with more Americans purchasing EVs year over year. Despite media narratives focusing on a slowdown in growth rates, the overall trend shows an increase in EV sales. While the growth rate has slightly decreased, the shift towards EVs is evident, outpacing traditional gas-powered cars. This growth signifies a positive shift towards more sustainable transportation options.

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