How UAW strike will impact Biden's green revolution

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 52%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The strike could be a temporary setback to the green energy economy transition pushed by the Biden administration and a massive dilemma for the president.

The United Auto Workers strike launched early on Friday is likely to be an obstacle to the American car industry's transition towards electric vehicles pushed by the Biden administration, according to experts—as well as a crucial dilemma for the president.

"If fewer EVs arrive in the coming weeks, that will allow them to clear the backlog," Brauer said. However, he added, the situation will change drastically if the strike continues for a longer time. For Cristina Benton, the director of Market and Industry Analysis at the Chicago-based Anderson Economic Group, the impact of the UAW strike on the country's green transition is"the wild card of these negotiations."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines