From Quiver Quantitative:

– The U.S. electric vehicle market is experiencing a slowdown in momentum after a period of rapid growth, with high prices and limited charging infrastructure contributing to longer sales times for EVs compared to gasoline vehicles. This has led to concerns for carmakers who have invested heavily in this technology.

– The cooling interest in EVs has impacted U.S. automakers like General Motors and Ford, forcing them to reassess their investment strategies in EV production and battery technology.

– The U.S. EV market is expected to rebound in 2025 with the introduction of more affordable models, providing optimism for the future of EVs in the U.S. However, the transition is expected to encounter various challenges and setbacks.



Read more: U.S. Electric Vehicle Sales Hit a Roadblock: Challenges and Future Outlook