"Is the U.S. EV Market Losing Its Spark?"

Despite substantial government subsidies and efforts from companies like Tesla, GM, and Ford to promote electric vehicles (EVs), evidence suggests that consumer preference for traditional gasoline-powered cars remains strong. EV sales have only seen a marginal increase, with EVs spending longer on dealer lots than gasoline-powered cars. State governments continue to offer significant subsidies for EVs despite budget deficits. Concerns about the reliability of the electrical grid and the sustainability of renewable energy sources further contribute to doubts about the future of EVs.