EV sales are way down. Here’s why that might not be a big deal.
Grist reports that U.S. electric vehicle sales have dropped significantly after the end of federal tax credits, but growth momentum is expected to continue. Sales of used electric cars in the United States have dropped sharply, with dealers selling 20 percent fewer used cars in October and a 50 percent drop in new ones in October. This drop was largely due to Congress's decision to end federal tax credits, which were voted to expire before they were supposed to expire, leading to a rush of purchases before the deadline and a precipitous drop afterwards. However, many analysts believe that electric vehicle adoption in the US will continue to grow, albeit not at the same pace seen before Congress ended the credits. The price of batteries and cars continues to decrease, with used models becoming more affordable. New, more affordable models, like the Nissan Leaf and Chevrolet Bolt, are expected to be introduced over the next year to drive demand. However there are concerns that this decline may be a sign of a prolonged slump or a mere blip in the industry's otherwise upward trajectory. Republicans in Congress have also removed many manufacturing and corporate incentives for battery or vehicle manufacturing, and have attempted to undercut federal fuel economy and pollution standards.
प्रकाशित : 6 महीने पहले द्वारा Stacker में Auto
Across the country, dealers sold about 20 percent fewer used electric cars in October than in September and saw a staggering 50 percent drop for new ones, according to the latest data. No one was surp... [5298 symbols]