Current UAW demands could increase EV prices up to $5,000 — and 'torpedo' Ford and GM's business model, analyst says

• Wedbush analyst Dan Ives argues that UAW raises would be passed down to consumers.
• The union says workers are being left behind in the transition to EVs.
• Ford, GM, and Stellantis are trying to remain competitive with Tesla.

The current demands from the United Auto Workers union in their labor talks with Ford, GM, and Stellantis could make electric vehicles even more expensive, one analyst said.