"It's being called the EV slowdown. It is the idea that electric vehicle sales in America are expected to either cool off or completely crash, depending on who you ask, now that the $7,500 tax credit is gone. Some of that is indeed part of a natural reality check, as it turns out not all new-car buyers in the U.S. are just ready to quit gasoline cold-turkey by the end of the decade."
"But there's another, less-discussed element to any slowing of EV investments right now, and it starts with a "T." That kicks off this midweek edition of Critical Materials, our morning roundup of industry and technology news that's also coming to your inbox soon. Thanks for signing up! Click the link above if you haven't yet, we expect to launch the newsletter very soon. Also on deck today: has advanced safety tech made cars too expensive? Senate Republicans think so."
Electric vehicle sales and investments in the U.S. are cooling following the end of the $7,500 tax credit. Many prospective car buyers remain unwilling to switch fully from gasoline in the near term, reducing demand. Automakers that struggled to make profitable EVs are pivoting back to gasoline engines and hybrids, aided by the absence of strict fuel-economy rules. Rising tariffs, including higher U.S. duties on South Korean imports, are increasing costs and causing automakers to retool plans, jeopardizing projects like a midsize Kia EV pickup. Policy, cost, and market hesitancy collectively slow EV momentum.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]