Back in August, President Joe Biden came out with an executive order aimed at making half of all new vehicles sold in 2030 electric (battery electric, fuel cell and plug-in hybrid vehicles). The move was part of Biden's plan to fight climate change, in this case by targeting emissions from cars and trucks.
Surprisingly, the three leading Detroit automakers General Motors (NYSE:GM), Ford (NYSE:F), and Chrysler parent Stellantis N.V. (NYSE:STLA)--formerly Fiat Chrysler–issued a joint statement supporting Biden's ambitious plan. …Should The Oil Market Be Worried About Skyrocketing EV Sales?
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