U.S. EV Market Faces Challenges as Demand Wanes and Automakers Pull Back
TL;DR Summary
The U.S. EV market is expected to experience a decline in demand following the expiration of federal incentives, which have historically boosted sales. Automakers are adjusting to this new reality, with some reducing production or workforce, while others focus on launching affordable new models. Despite short-term challenges, industry leaders remain optimistic about long-term growth driven by new, lower-cost EVs.
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- Transport Evolved Sunday Musing: Which Automakers Will Be left In The EV Race? Which Ones Will Quit? transportevolved.com
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