Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand
Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand
US automakers designed EVs that are really just toys for the wealthy, not a family mover or grocery getter or daily commuter. It’s not just the EVs: I’m in Canada and the market is different but not that different, and I don’t know anyone who drives a US-brand vehicle smaller than an F150. I haven’t set foot in a US dealership in maybe 30 years. US automakers are apparently baffled that they’re not selling luxury second vehicles at a time when affordability has been on the decline for 40+ years.
Meanwhile, in markets with reasonably affordable, well-built, and compact EVs available, they’re selling like crazy.