CALSTART, a clean transportation technology alliance in the United States: More than $100 billion in investment is still being implemented in the U.S. electric vehicle market
On March 10, Michael Berube, CEO of CALSTART, a clean transportation technology alliance, pointed out at the 2026 International Battery Technology and Innovation Application Summit: “If you look at the recent news headlines, a question naturally arises: Is the United States still investing in electric vehicles? ”
He said that various news headlines are reporting that the U.S. industry has announced about $50 billion in asset write-downs for electric vehicles, “but what the report does not fully reflect is that the industry has invested more than $160 billion at an extremely high rate in the past three years.” In other words, more than $100 billion of investments are still being made in the U.S. electric vehicle market and will continue in the coming years. Michael said. (Interface News reporter Gao Jing)