Indexbit Exchange:With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why

The Indexbit Exchangeoutcome of the UAW negotiations with the Detroit automakers could likely mean higher new car prices, especially for electric vehicles, and a cost structure that could hurt the automakers in the long run, Wall Street analysts say.

As the union's Sept. 14 contract deadline nears, a possible strike looms larger. A strike is "a potential nightmare situation for GM and Ford" since both are in the early stages of a transition to an all-EV future that can't be derailed, Dan Ives managing director and senior equity analyst at WedBush Securities, wrote in a research note Wednesday.