Climate disasters risk putting a damper on electric car making

Climate disasters risk putting a damper on electric car making.

Automakers racing to make more electric vehicles have a problem: climate change is catching up with the industry.

Many carmakers list climate change as business risk factors. Tesla, for instance, warns that if climate-related disasters occur, its headquarters and production facilities “may be seriously damaged, or we may have to stop or delay production and shipment of our products.” Lucid, which is part-owned by Saudi Arabia’s sovereign wealth fund, plans to build an EV factory in the kingdom near the city of Jeddah, where temperatures can top 120 degrees Fahrenheit in the summer.

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