Are EV Sales Soaring or Flopping?

There are conflicting messages about electric vehicles. Are they booming — or are they piling up on dealer lots? E&E News reports that both happen to be true, adding the U.S. market for EVs is growing, just not at the blistering pace it was a few months ago.

Meanwhile, the number of EV models that qualify for federal tax credits fell from 43 to 19 this week after new guidance on foreign-made EV components. This has left automakers anticipating more uncertainty, reports say. 1/3/2024