Detroit Auto Show kicks off
Vehicles (EVs) at the Detroit Auto Show, one of North America's largest auto shows, as they seek to wrest control of a growing market from Tesla and newer upstarts. Chevrolet showcases its recently-unveiled Equinox, an electric SUV with a $30,000 starting price tag which is going to "get probably a lot more mainstream America thinking about electric propulsion systems," according to Chevrolet Vice President Steve Majoros. "We're still fairly early on the EV transition in the United States," automobile analyst Jessica Caldwell tells, adding that "it's growing every month."
While gasoline-powered cars still dominate US roads, Detroit auto giants have unveiled more EVs as they seek to wrest control of a growing market from Tesla and newer upstarts.
Automakers have been griping about a provision in the just-passed Inflation Reduction Act that sets strict sourcing requirements for federal EV subsidies.
The requirement is meant to prod automakers into using EV batteries produced in North America as well as critical materials sourced from North America or countries with which the United States has a free trade agreement.
Automakers are hoping officials in Washington show flexibility in implementing the rule.
The President's economic plan has generated an American EV manufacturing boom that is creating new economic opportunities and tens of thousands of good-paying and union jobs across the country.
