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WOOD: Auto industry analyst says slow EV sales are hurting Michigan suppliers

Energy

From the Center

An auto expert says many local suppliers in West Michigan will feel the impact of declining electric vehicle sales and scaled-back production. There are at least 100 suppliers in the region that produce critical parts for traditional or electric vehicles. “They’re our friends and neighbors,” said Mike Wall, an auto analyst with S&P Global Mobility. “It’s literally all throughout the West Michigan landscape.” Automakers have scaled back their investments in electric vehicles and battery plants as sales remain slower than expected.

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