EV euphoria is dead. Automakers trumpet consumer choice in U.S.
Written by Black Hot Fire Network on March 13, 2024
Although consumer demand for EVs hasn't shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come.
Andrew Merry | Moment | Getty Images
DETROIT — The buzz around electric vehicles is wearing off.
For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike, based in part on their visions for an EV future . . .
