General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Lordstown Motors, which bought a shuttered General Motors factory in Ohio, warned that it needs to raise more money and might not survive.
A swath of recommendations calls for more investments, new supply chains and less reliance on other countries for crucial goods.
Lordstown Motors said it would start producing and selling electric pickup trucks this year, but there is little evidence it is ready to do so. Its stock has tumbled from a high of about $30 last year to around $8.
Fueled with money from Wall Street and local officials, automakers plan to build eight million electric cars a year there, more than Europe and North America combined.
The electric-car maker’s performance reflected increasing sales and production around the world.
Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?
For decades, Democrats have countered opposition to "job-killing" environmental regulation by saying combatting climate change would create well-paying new jobs. President Biden is betting on it.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.