The Growing Concerns Surrounding Electric Vehicle Sales in the US

1 min read
Source: New York Magazine
The Growing Concerns Surrounding Electric Vehicle Sales in the US
Photo: New York Magazine
TL;DR Summary

Despite the milestone of selling one million electric vehicles (EVs) in the U.S. this year, the growth rate has fallen significantly, posing a challenge to President Biden's goal of making half of all new cars sold in the country fully electric by 2030. The auto industry faces potential fines for not meeting emissions standards, but there are obstacles hindering EV adoption, including high prices, unaffordable monthly payments, concerns over charging infrastructure, and consumer preferences for pickups and SUVs. The popularity of Tesla and the lack of appealing electric pickups contribute to the slower growth. If EV sales don't pick up soon, it could impact the Biden administration's climate goals.

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