Recharged: How the U.S. is trying to make up lost ground on electric vehicles

about half a mile long, designed to build nothing but batteries for electric cars and trucks starting next year.

"We are entering into the generation where this huge transformation is happening. So we have no concerns about demand in the market at all," Kee Eun, Ultium Cells' president, said as he explained the decision to spend $2.3 billion each on the two factories."The key element here is economies of scale."

The challenges for transforming the U.S. into a global leader in electric vehicles are coming into focus as the Biden administration seeks to galvanize action on climate change this week during a White House global summit aimed at extracting ambitious commitments from other countries. In the U.S.

It's the high cost of EV batteries, which can be about a third of the price of an electric vehicle, that pushes their price tags above those of traditional cars and trucks. But automakers say technological innovations, along with scaled-up production, can drive those costs down to the point where consumers soon won't have to choose between tailpipe emissions and their wallets.

By the time the parts make it into autos available to buy at the dealership, the challenge for consumers is to find a way to recharge them that fits into their lifestyles. Auto industry analysts say the typical prospective EV purchaser has"range anxiety" – the fear that a vehicle will run out of battery power before there's a convenient way to recharge it.

LOVE msnbc and nbc. But please ban 1 sponsor. CAR SHIELD IS A SCAM! Maintain your car and you won't have big repairs. Make a claim to CarShield & they'll look for negligence in order not to pay. Their ads use fear tactics. Ignore them. DON'T WASTE $$ ON CARSHIELD. Do research.

Thanks, Republicans.

Too worried about electric bills here (TX) to even think about having to charge a car🤷‍♀️.

All going according to plan. 😜

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