General Motors CEO Mary Barra pledged zero emissions by 2030, but challenges like cost, slow adoption, and policy changes have slowed the U.S. auto industry’s EV growth. GM faces a $1.6 billion loss due to weaker demand. Federal EV tax credits ended, impacting sales. Ford and GM are losing money on EVs. BloombergNEF predicts 14 million fewer EVs sold by 2030.

The EV market faces challenges in the U.S. with the end of federal tax credits. Ford CEO predicts a 50% drop in EV sales post-subsidy. Affordability remains an issue, with EVs costing $7,000 more on average. RBC Capital Markets cites a slowdown due to price gaps between new and used EVs. Used EVs are now priced at around $30,000, equal to used internal combustion engine cars.

RBC cuts its 2030 EV adoption forecast in the U.S. by half to 17%. Lack of public charging infrastructure is a major constraint. EY Mobility Lens Forecaster predicts 50% EV adoption won’t happen until 2039 due to incentives elimination and regulatory uncertainty. Europe and China lead in EV adoption rates. Global EV sales hit 2.1 million in September, with China accounting for 1.3 million.

Read more at Yahoo Finance: What’s Driving the Fall in US EV Adoption?