Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
Investment in EV Industry Soars Since 2022 Report Shows
Research from WSP and the Environmental Defense Fund research reveals that 56% of announced EV spending during the past eight years occurred after the 2022 passage of the federal Inflation Reduction Act.