U.S. automakers are pivoting away from EVs to refocus on gas-guzzling trucks and SUVs while Chinese manufacturers are expected to keep growing electric exports.

The auto industry is saddled with billions of dollars in stranded investments inspired by clean vehicle policies that got ahead of consumer demand.

U.S. automakers are pivoting away from EVs to refocus on gas-guzzling trucks and SUVs while Chinese manufacturers are expected to keep growing electric exports.