GM and Ford are talking less and less about EVs

General Motors and Ford, two of the biggest automakers in the US, are now mentioning electric vehicles on their investor calls at rates similar to those before the pandemic, with data from TechCrunch and Hudson Labs showing a significant drop in EV-related discussions over the past year, from 35 mentions per call to just 12, a decline of over 65 percent. The data suggests that the companies may be shifting their focus away from EVs, at least in terms of their communications with investors. This shift could have significant implications for the future of the automotive industry, as well as for investors and consumers who are interested in electric vehicles. What is driving this change is a complex set of factors, including changes in government regulations, shifting consumer demand, and the ongoing development of new technologies. For example, in 2020, EVs accounted for just 2 percent of all new car sales in the US, but by 2025, that number is expected to rise to over 50 percent, according to a report by the International Energy Agency. The automotive industry has undergone significant changes in recent years, driven in part by the growing demand for electric vehicles. In 2020, for instance, Tesla became the most valuable automaker in the world, surpassing Toyota and General Motors, with a market capitalization of over 500 billion dollars. What to expect next is a period of significant change and uncertainty for the automotive industry, as companies like General Motors and Ford navigate the transition to electric vehicles and other new technologies. Changing investor priorities are likely to play a major role in shaping the future of the industry, as investors increasingly focus on companies that are committed to sustainability and reducing their environmental impact. The impact of government regulations will also be critical, as governments around the world implement new rules and incentives to encourage the adoption of electric vehicles. The future of electric vehicles will depend on a variety of factors, including the development of new technologies, the growth of charging infrastructure, and the shifting preferences of consumers, with over 70 percent of Americans now saying that they would consider buying an electric vehicle, according to a survey by the Pew Research Center. The key takeaway from all of this is that the automotive industry is undergoing a period of significant change, driven by the growing demand for electric vehicles and other new technologies, and companies like General Motors and Ford will need to adapt quickly in order to remain competitive, with the number of electric vehicles on the road expected to rise to over 140 million by 2030, according to a report by the IEA.