US Automakers Struggle to Meet EV Targets Amidst Changing Regulations.

The Biden administration aims to have electric vehicles (E.V.s) make up two-thirds of new cars in the US by 2032, but automakers face challenges in meeting this target. While most car companies have been investing in E.V. development and production, E.V. sales accounted for only 5.8% of new cars sold in the US last year. The biggest hurdle is the limited supply of lithium, a key element in E.V. batteries. Additionally, the production of plants and assembly lines needed to produce millions of E.V.s every year is still in progress, and an exponential increase in the number of public charging stations will be needed.