How the US got left behind in the global electric car race
8 hours ago
- #US auto industry
- #electric vehicles
- #government subsidies
- US electric car sales hit a record high, but momentum may reverse due to the end of a $7,500 government subsidy.
- The US lags behind other regions like Europe, China, and the UK in electric vehicle adoption.
- Government policies, including subsidies and tariffs, significantly impact the US electric car market.
- Electric vehicles remain more expensive than petrol-powered cars in the US, limiting broader adoption.
- Political shifts, such as Trump's opposition to EV incentives, could further slow US progress in the sector.
- Carmakers like Hyundai and Tesla are adjusting pricing strategies in response to subsidy losses and tariffs.
- Analysts debate whether electric vehicles are the definitive future, suggesting the US may not be 'behind' but exploring alternatives.