U.S. automakers have backed away from electric vehicles, even as global sales are booming. The decision may make them obsolete.

The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent.

The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent.