… ready to compete and innovate and stay a step ahead in a way that Studebaker fatally did not do in the 1960s and our whole region paid the price. And Now two years later, they're backtracking, some of them writing off billions of dollars of value that was effectively just wiped out by the sudden policy change from our administration. which believed not only that there was an environmental benefit to electric vehicles, but that there was a strategic benefit for the United States to, to lead in electric vehicles because it's a superior technology, which will ultimately be, I'm convinced, the future of cars. (53:19–53:31)
CLAIM
Asserts that companies are writing off billions of dollars due to a sudden policy change from the administration.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
