WASHINGTON: Volkswagen AG's top US executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including attracting skilled workers, mining for key metals and supply chain issues.
These challenges include attracting enough skilled workers, dramatically boosting and facilitating U.S. mining for critical minerals to produce the lithium batteries for EVs, supply chain issues and more broadly addressing healthcare, education and infrastructure, Keogh said. President Joe Biden has set a goal of 50 per cent of new-vehicle sales being electric or plug-in electric by 2030, but has not endorsed phasing out gasoline-powered vehicle sales by any specific date.
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Shanghai lockdown sees quarter of US firms cut investment plans: PollSHANGHAI: Shanghai\u0027s lengthy COVID-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday (Jun 15). The downbeat findings of the American Chamber of Commerce (AmCham) Shanghai survey were the latest sign of
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