Will Automakers Abandon EV Plans on Wage Inflation?

Spiraling wages could force automakers to significantly pivot their business plans.

President Joe Biden addresses a United Automobile Workers (UAW) picket line at a General Motors Service Parts Operations plant in Belleville, Mich., on Sept. 26, 2023. Jim Watson/AFP via Getty Images

News Analysis

The United Auto Workers (UAW) union, representing almost all of the employees of the Detroit Three automakers, is currently engaged in a high-stakes battle with Ford and General Motors over wage demands and working conditions.