Detroit's Petrol Bet: Short-Term Profit vs. China's EV Dominance (67 chars)

• US carmakers are returning to petrol vehicles due to easing regulations and slowing EV demand, despite the global shift towards EVs led by China.
• Policy changes in the US, such as removed fuel-economy penalties and expired EV tax credits, have incentivized a shift back to petrol.
• American carmakers have incurred significant financial losses from EV divisions, prompting cuts in EV production and a focus on profitable petrol models.
• China dominates global EV sales, benefiting from scale and faster product cycles, which puts US manufacturers at a competitive disadvantage.
• Prioritizing short-term petrol profits risks leaving US automakers unable to compete in the long-term global EV market.

Why It Matters: US carmakers' petrol shift risks long-term global EV market irrelevance.