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U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
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A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
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North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
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A study of Q1 used-vehicle sales shows many consumers are looking to minimize fuel costs but aren’t willing to go all electric and no longer have a tax break incentive to do so.
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A recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
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GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
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Changing legislation produces mix of outcomes in different regions.
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Stretching of expiring breaks is possible under certain conditions.
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North America market still growing but at much slower pace as incentives wane.
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China-based rival passes U.S.-based automaker in global sales.
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