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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..."



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