Lying rag using a misleading title to push a false narrative.
EVs have been declared dead on a weekly basis for the last decade. And yet somehow they keep taking up more and more of the market. It’s almost like these assholes are less interested in reporting a trend than in creating one.
Sales dropping after a massive surge is to be expected. This is like predicting doom and gloom for the snowblower market as sales plummet going into summer.
Trump killed EV incentives. Without government support it is hard to sell electric cars.
The loss of tax credits makes it harder, obviously. But the price floor for EVs has been gradually coming down over the years, while car prices in general have been going up. Given the reduced maintenance costs and tremendous savings on fuel, EVs are still a smart option in the long run for a lot of people.
Yeah, I think what would be interesting to see is percentage of sales between ICE and EVs month over month.
I figure EVs keep eating up a greater and greater percentage over time, but it’d be interesting to see the breakdown.
By design. Evs are incredibly expensive and without the rebates, even more so.
We started shopping for an EV about a month before the rebate expired and ended up getting a used one that wouldn’t have qualified for the rebate a couple weeks after the deadline. It was pretty clear to us that most used EVs that qualified were snapped up in the preceding weeks. As far as new EVs, we saw a moderate price drop after the rebates. Not quite enough to cover the lost rebates but it was clear manufacturers were trying to compensate.
All this to say I suspect the rebate expiration led to a bunch of used EV sales eating into new EV sales and I don’t see a huge price difference on new EVs post-rebate. EVs are a little pricier than their ICE counterparts but I don’t think the rebate expiration made much of a difference to consumers. Pretty clear manufacturers were the real beneficiaries.
More upfront cost, but that line is narrowing more and more over time. Couple it with much lower operating expenses and much less maintenance required, it cancels out the higher cost.
