Wage Hikes and EV Production: Challenges in the Automotive Industry

The recent wage hikes resulting from the United Auto Workers (UAW) union's agreements with major carmakers in the US are expected to impact the production and pricing of electric vehicles (EVs). The UAW's push to unionize factories run by Volkswagen, Hyundai, and Tesla further adds complexity to the future of auto manufacturing and the EV market. Despite the potential impact of wage fluctuations, the focus remains on scaling up production and driving down battery costs.