US Demand For EVs May Be Gone Forever
EV sales in the US fell 30% through the first three quarters of this year. Meanwhile, several manufacturers walked away from EV production altogether, at least in the US market. One reason is that nothing on the horizon will slow… As companies exit the EV market, another question is how much it will cost them to return. It will include retooling factories, changing marketing plans, supplying dealers with parts and mechanic training, and creating new models. An industry that lost tens of billions of dollars on its first EV gamble faces doing that again. Charging stations remain a drawback. Public charging stations may be plentiful around large cities. Outside those areas, they are not. As EV range continues to be a problem, the challenge of getting buyers continues to be crippled. And, if history is any measure, gas prices will drop again. Oil is plentiful worldwide. Because of the…
