Photo Credit:Fair Use [17 U.S.C. § 107]

Surging Electric Vehicle Demand Causing States to Pump the Brakes on EV Incentives

21 Apr 2023 | Abstracted from Electrek

"...The overwhelming demand is causing some states to temporarily pause EV incentives designed to promote adoption...The overwhelming demand is causing some states to temporarily pause EV incentives designed to promote adoption...total US auto sales fell 8% year-over-year (YoY) from 2021, but EV sales climbed 65%, passing 800,000 in volume for the first time...New Jersey has become the latest state to temporarily suspend its rebate program..."

ADDITIONAL RELATED NEWS LINKS

• RMI's New Report: VPPs Could Prevent Up To 28 Million Tons Of Carbon Emissions by 2035


• Electric Air Taxi Firm Joby Announces $500M Investment From Toyota


• Yamaha and Caterham Are Teaming Up to Build an Electric Sports Car


• Should I Get A Hybrid Or Go Full Electric?


• Why US Car Plants Are Being Under-Utilized


• USA Up To 8% BEV Share Of Auto Market


• The Hydrogen Economy In America Faces A Number Of Challenges


• Why Stellantis Is Bringing Chinese Carmaker Leapmotor To Europe


• Canoo's Oklahoma Plant Becomes First Automotive Foreign-Trade Zone In The State, Cutting Red Tape And Reducing Fees


• California Lawmakers Drive Solutions For EV Battery Recycling