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No, electric vehicle sales aren’t dropping. Here’s what’s really going on
Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.
Besides being too expensive for the average buyer, selection is limited in terms of body style, said Corey Cantor, an industry analyst with Bloomberg New Energy Finance. BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis have come together to create a joint venture that plans to install about 30,000 chargers across the United States and Canada. In the words of the Portuguese auto executive, who spoke to journalists in New York recently, public EV charging needs to “jump on your face” before most customers will consider an electric vehicle.
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