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

Are EV Sales Declining? Electrifying the Car Market May Be Getting Harder. Here's Why

08 May 2023 | Abstracted from USA Today

"Persistent worries about charging infrastructure and vehicle pricing’s dampening enthusiasm... EV’s market share of all new-vehicle sales dropped to 7.3% in March, down from a record high of 8.5% in February but up from 2.6% in February 2020.

"...high-profile initiatives...have apparently had little effect on these consumer concerns, at least so far...Government subsidies for EVs initially boosted demand, but the IRS and the U.S. Treasury Department's new guidance..."

ADDITIONAL RELATED NEWS LINKS

• Ford Sold More Electric Mustangs Than Gas Mustangs In 2024


• Biden Energy Secretary: Hit Reverse On EV Investments And China Wins The Race


• 2025 To Be Year Of Electrification In Africa & South America


• Ex-Aston Martin CEO: Scrap Hybrids, Go All In 0n EV cars


• Solar EV Gets More Slippery For Production-Intent Las Vegas Debut


• eVTOL Developer Lilium Gets $200 Million Reprieve From Going Bust


• Why Executives Think The US Auto Industry Is Headed Towards A 'Breaking Point'


• Survey: 67% Think Government Should Provide EV Purchase Incentives


• China Hits EV Target 10 Years Early, Still Hasn't Reached 2020 Nuclear Target


• One In Four UK Drivers Mulling Over Buying An Electric Car Next Year Amid Growing Interest - 'Immense Potential'