Something big is happening in the US market for battery electric vehicles (EVs), and it isn’t positive for the industry that makes them, or for the Biden administration’s subsidised dreams.
During the final few months of 2023, the market saw sales slowing, unsold electric vehicles piling up on dealer lots, Tesla struggling to get a handful of its much hyped CyberTrucks onto the market after five long years of promises, pure-play EV companies like Fisker teetering on the financial brink, and traditional automakers like Ford and GM announcing delays in their plans and investments for future EV development.
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This guy got off light – “I got my repair estimate today that comes in at $12154 for parts and a total of $18918.11 after labor and taxes.”
