NEW YORK, Nov. 26 (Xinhua) -- Tax credits or not, U.S. auto companies show no intention of retreating from a steady transition away from gas-burning cars and trucks, especially given the enormous investment they have already made: since 2021, the industry has spent at least 160 billion U.S. dollars on planning, designing and building electric vehicles (EV), according to the Center for Auto Research.
Most automakers say their ambitious plans for transitioning to electric vehicles won't change regardless of policy changes in Washington. "We plan for the long term, so political considerations aren't a factor in how we approach product development or capital investments," David Christ, vice president of Toyota North America, which is building a battery factory in North Carolina, told local media.
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