Tech
How Electric Vehicles Will Change The Midwest Economy
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Researchers believe modern factory jobs will require more education and could be less available than they were in the past. They estimate that electric vehicles could require 30% less manufacturing labor when compared with conventional cars. “The lines that run to drive oil or gas around an internal combustion engine aren’t going to be there,” said Cooley.
Leaders in Washington hope two key pieces of legislation, the Inflation Reduction Act and the CHIPS Act, which were signed into law by President Joe Biden in August, will provide a bridge to that future. These laws authorize billions in incentives for businesses that pursue clean energy manufacturing.
Watch the video to learn more about how the electric vehicle revolution will impact the economies of states across the U.S. Midwest.
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How Electric Vehicles Will Change The Midwest Economy
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Tesla chief executive fires back at Mobileye on safety concern accusations.
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Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC
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You can’t buy Google’s latest hardware project, but you can 3-D print one.
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Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC
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The U.S. has become Hyundai’s most important country in its push for global growth. It has a $26 billion investment plan that goes through 2028 to continue building out its domestic manufacturing infrastructure as it aims to produce more vehicles in the U.S. CNBC auto reporter Michael Wayland spoke to the CEO of Hyundai to learn more.
Produced and Edited by: Ryan Baker
Camera by: Jeniece Pettitt
Reporter: Michael Wayland
Animation by: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Hyundai
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Why Hyundai’s Investing $26B In The U.S.
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Paramount Skydance’s proposed acquisition of Warner Bros. Discovery is in regulatory limbo as state attorneys general seek to block the deal. CNBC’s Julia Boorstin, Lillian Rizzo and Alex Sherman discuss the twists and turns of the megamerger, what it means for media M&A at large, and what happens next.
Chapters:
0:00-0:48 Introduction
0:49-2:56 How we got here
2:57-5:26 Regulatory hurdles
5:27-8:25 What comes next
Reporting by Julia Boorstin, Lillian Rizzo, Alex Sherman
Produced and Shot by Devan Burris
Edited by Darren Geeter
Senior Managing Producer Tala Hadavi
Addditional Camera Rowan Buck and Andrew Katchen
Animation by Jason Reginato
Additional Footage Getty Images
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What Makes Paramount Skydance’s Deal For Warner Bros. Discovery So Unique
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Meta is facing what could be its most consequential trial yet, as 29 state attorneys general accuse the tech giant of knowingly designing Facebook and Instagram to addict children and misleading the public about the risks. The states are seeking civil penalties that could approach $200 billion and changes to core features like infinite scroll and autoplay, while Meta says the claims are unsubstantiated and that it has built strong protections for teens. The outcome of the federal trial could reshape how social media platforms are designed and open the door to greater liability for companies across the industry. CNBC’s Julia Boorstin examines why this case could become Big Tech’s “Big Tobacco” moment, and what a loss could mean for Meta’s business and the future of social media.
Reporter: Julia Boorstin
Produced and Edited by: Andrew Evers
Senior Field Producer: Stephen Desaulniers
Additional Editing: Erin Black
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images
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@user-sf7kl9uh7k
December 24, 2023 at 2:26 am
America will pump it's last gas sometime during the late 2030's.
@jackschissler255
December 24, 2023 at 2:26 am
I forgot this is CNBC. I didn’t look I’m sure you don’t care. Neither do your journalist. Sorry to bother you..
@jackschissler255
December 24, 2023 at 2:26 am
Trying to pass, one of those cracks would be like taking a chance of falling into the abyss! Eventually, one of them is getting to lead to a downfall.
@jackschissler255
December 24, 2023 at 2:26 am
How would you like to have an electric car around the volcano that is active. You would be in therapy every day.
@jackschissler255
December 24, 2023 at 2:26 am
If everyone would’ve had an electric vehicle in Maui, what are the chances of them evacuating if they knew about the fire five hours in advanced. All the people off of work and didn’t have anything to do. The day of the fire are lucky if they charge their car and where do you find a charger around millions of people with electric cars in an emergency! Will they hand out flags that day? I am special for the top of your car.! I want gasoline if I don’t make it out, it’s my fault!
@D_gas_bob
December 24, 2023 at 2:26 am
Question, if we quit using gasoline power, where will the material come from to produce tires and asphalt. We still end this stuff with electric cars, don't we?
@walmartramen
December 24, 2023 at 2:26 am
NAFTA is a good thing just lacking the part of higher wages for people!
@thewavehunter
December 24, 2023 at 2:26 am
U folks at CNBC do a great job on these EV and auto-related “series” stories – topical and informative. Please produce more.
@pablotorres6997
December 24, 2023 at 2:26 am
Very informative. Thank you!
@awnyca4077
December 24, 2023 at 2:26 am
Wrong greedy American company want to take advantage of currency exchange with other countries
@busybody1474
December 24, 2023 at 2:26 am
💥Our power grid is maxxed out stupid, good luck charging your EVs when everyone gets on board. 😅
@mayaraalcantara1604
December 24, 2023 at 2:26 am
😮😮😮😮😮
@MariMari-cm4ss
December 24, 2023 at 2:26 am
Top muito bom
@rozanmiguelpereira9561
December 24, 2023 at 2:26 am
De olho no futuro
@michaelanderson3096
December 24, 2023 at 2:26 am
Electrolysis of sea water to make hydrogen gas from excess renewable energy (Wind and Solar) to power combustion engines 😮. Good labour policy in the United States: Right to Work Legislation (Union dues are optional). Tariffs are good economic policy. Tesla bots may take your job 😮.
@WyLEE08
December 24, 2023 at 2:26 am
I gave up on GM decades ago. I wish my taxes never bailed them out. On top of everything else every new union contract cars & trucks become far less affordable.
@Hmonks
December 24, 2023 at 2:26 am
Nothing have changed
@kotexconnection3804
December 24, 2023 at 2:26 am
China has put out more pollution in one year, than Europe has in 200 years
@emileevans9747
December 24, 2023 at 2:26 am
Tesla is like Amazon being a non union company.
@tombeegeeeye5765
December 24, 2023 at 2:26 am
Maybe US Subsidies should be one per 300,000 sq miles that would spread factories around.
@kristopherdaniel707
December 24, 2023 at 2:26 am
EV’s are not clean. The majority of people have no idea what it takes to build them.
@floridahummer
December 24, 2023 at 2:26 am
i still wouldnt touch one, my diesel runs just fine and i can service it myself.
@heathbruce9928
December 24, 2023 at 2:26 am
While I do not like the way workers are treated, EVs are not the way to do it. Since thier manufacture pumps almost 90% more CO2 into the air than it's ICE counter part.
@absahr1414
December 24, 2023 at 2:26 am
Isn't 6.6 million 100x more than 70,000+??