America's Biggest Car Companies Are in Trouble

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.8 • 1.8K Ratings

🗓️ 26 March 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, the media vibes around electric vehicles are all bad. But if you lift up and take in the big picture, electric vehicles and hybrids are taking over the market. Gas-powered cars are as much in structural decline right now as the cable bundle in TV. Today’s guest, Robinson Meyer, the founding executive editor of the climate media company Heatmap, says that while EV sales are much stronger than the media doom-and-gloom narratives, something else is happening that deserves our attention. America’s Big Three automakers—Ford, General Motors, and Stellantis (which owns Dodge, Chrysler, and Jeep)—are in big trouble. China’s electric vehicles are going to hit Detroit "like a wrecking ball," he says. Joe Biden wants America’s green electric future to be made in America. But right now, the future of EVs is being made in China. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at http://www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Robinson Meyer Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey, can I talk to you?
0:03.0	Over 25 years ago, on September 29th, 1998,
0:07.0	we watched a brainy girl with curly hair drop everything
0:10.0	to follow a guy she only kind of knew
0:12.0	all the way to college. and so began Felicity.
0:15.4	My name is Juliet Littman and I'm a Felicity super fan.
0:18.6	Join me Amanda Foreman who you may know better as Megan the roommate and Greg Grunberg who you may know better as Megan, the roommate, and Greg Grunberg, who you may also know as
0:25.1	Sean Blunberg, as the three of us revisit our favorite moments from the show and talk to the people
0:29.6	who help shape it. Listen now to Dear Felicity on Spotify or wherever you get your podcasts.
0:40.0	Are you ready for a Monzo Business Bank Account?
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0:49.0	freelancers searching for financial freedom,
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0:58.0	Sail through your business banking, apply for an account in minutes.
1:02.0	Search Monzo business.
1:03.5	Tees and sees apply.
1:04.5	Soul traders or limited company directors in the UK can apply.
1:09.5	Today, the vibes around electric vehicles are all bad.
1:16.2	From the Motley Fool, quote, electric vehicles stocks are crashing.
1:20.4	From the verge, the EV transition trips over its own cord.
1:24.0	From Fortune, the electric vehicle math isn't adding up.
	...

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