""You're going to see, obviously, a pullback given that the federal incentives have come off, but I think you're going to see gradual growth in the EV market,""
""So you're going to see these grow over time, but it's not going to be at the pace that the automakers thought,""
""That's why you're seeing these big impairment charges that both Ford and GM and others have taken.""
""oil is a non-renewable resource.""
US EV demand is expected to gradually increase after federal consumer tax credits expired at the end of September. Consumers are projected to shift toward clean-energy vehicles over combustion-engine models because oil is a non-renewable resource. Automakers face slower adoption than anticipated, leading to large impairment charges, including GM's $1.6 billion charge tied to a strategic realignment of EV capacity. The industry must adjust to a new, slower demand curve for EVs. Previously, buyers could receive up to $7,500 for a new EV and $4,000 for a used EV; those credits have been eliminated.
Read at Business Insider
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