Shah: Automakers are eliminating internal combustion engine R&D budgets
Jigar Shah · Are oil & gas majors abandoning clean energy? · Mar 8, 2023 · at 9:23
Jigar Shah, Director of the US DOE Loan Programs Office, discusses automaker strategy shifts toward electric vehicles while analyzing the broader transition away from fossil fuel growth.
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“Mercedes-Benz and others have announced that they're basically eliminating all R&D budgets for internal combustion engines, right?”
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