US risks losing more ground to China in EV race as investment tumbles
White House backing for petrol-based cars poses dilemma for many automakers
White House backing for petrol-based cars poses dilemma for many automakers

Hit by high EV tariffs, Chinese auto groups have pivoted to selling cheaper, technologically advanced vehicles

Carmakers fear falling behind on scale and technology even as profit margins drop and officials lambast extreme discounting

As US carmakers gain political cover to delay EV development, Asian companies can expand at greater scale

Electric-vehicle makers target less affluent heartland for next phase of growth

Western executives hope ‘in China for China’ strategy will halt sales decline in world’s largest car market

Hybrid pioneer’s push comes as rivals scale back their EV targets