From traditional automakers to electric vehicle startups, weak EV demand is a rusty nail in the rear quarter panel. Headwinds such as rising prices compared to gasoline vehicles, rising financing costs, and a lack of charging infrastructure are constraining the growth of EVs globally. Source: finance.yahoo.com
For decades, automakers disrupted the market with price hikes and premiumization. Now they are paying the price in dire amounts. Written by Wolf Richter of Wolf Street. Total new vehicles delivered to U.S. retail customers and fleets (mostly rental vehicles) in 2023 increased 12.4% year over year. Source: wolfstreet.com
MotorTrend investigated the growing Chinese car market in America’s southern neighbor. This is not the end. in 6:01pm ET China is currently attracting attention in the world of electric vehicles. But they may need to be more present in America’s southern neighbors than we think. It is a well-known fact that Chinese-made EVs are making significant inroads into other countries. Read More