Getting into electric vehicles, it may be harder than it looks.

We're going to be number one mid-decade in EVs in the U.S.

As we get further into the transformation to E, it's a bit bumpy, which is not unexpected.

We're going to invest whatever it takes to drive our growth initiatives on battery electric vehicles and are connected to

vehicles.

Ford announced yesterday they are delaying 12 billion dollars of planned EV spending

indefinitely potentially even raising the possibility of cancelling it.

General Motors and Honda announcing that they will be co-developing lower-priced EVs.

Honda is planning to haul plans with GM to develop smaller electric vehicles.

The report saying Honda's CEO cites changes in the business environment for that decision.

Even Tesla's pure play EV King, it's getting hit. Even a great ship in a storm has challenges.

So what happened?

This week on check check?

Electric vehicles in reverse.

How the world's biggest automakers are scaling back their green ambitions.

Electric vehicles were supposed to be the wave of the future.

President Biden announcing that he's going to be signing an executive order setting a pretty

ambitious target of 50% of electric vehicles to be sold in the United States by the year 2030.

It's pretty clear that this transition is going to happen.

This is where the world is going.

And automakers had big plans.

General Motors setting a goal to sell EVs exclusively by 2035.

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