The electric vehicle (EV) market in the U.S. is facing significant challenges, with federal legislation undermining incentives crucial for consumer adoption and a lack of investment in charging infrastructure. While U.S. sales are declining, global EV sales, particularly in China and Europe, continue to rise substantially. A Bloomberg NEF report emphasizes that despite America's hardships, global demand is robust, and other regions are driving the growth. The long-term outlook for the U.S. EV market remains bleak without policy changes and consumer support.
Today, a new report shows that really only the U.S is backing away from EVs, while two different brands strategize to ensure both get maximum penetration from their new EV products.
America's EV market seems poised for a slowdown. There are countless reasons for this, including EV fans souring on Tesla, lawmakers gutting federal incentives, and the promise of a truly cheap EV continuing to be a pipe dream for most Americans.
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