Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand
It’s no bubble, it’s just that nobody wants a Hummer EV, and in this economy, who can afford one? EVs are still selling in quite well in Europe and Asia. Did any automakers fund democrat PAC exclusively?
Literal decades of marketing telling Americans that they need a (high margin and emissions exempt) pickup truck to drive their kids to school still hasn’t overridden basic economics.
Also Trump and Musk absolutely destroyed what little of an EV charging infrastructure we had. I would absolutely love to have gotten an EV for my last car, but with Trump literally forcing the pentagon to buy coal power, there’s no way in hell I’d trust being able to charge it away from my house on a trip, and they’re still too expensive to have an ‘extra car’ for when i drive around town, and another vehicle for road trips.
Charging is very fragmented and generally uncivilized. The need for apps, the range of costs, etc. I think Aging Wheels’s video about long tow with his Chevy is telling - he’s an advocate for EV and there’s still special steps that need to be planned for.
Plugin hybrids can really help with the long trip situation while also allowing full electrical function for short trips - and engines don’t like running for lots of 10 min journeys when they don’t properly warm up.
I am able to afford (the cheapest available) EV for town use and it’s great for that, but I still have a gas car for trips. When I go road tripping, I’m a person for whom stopped time is wasted time. Fuel, meals, and toilet in 10 min. I’m bad at stopping to smell the roses. I don’t mind the option but I frequently do a trip that has no charging at the destination, and is 350km away. Easy to round trip with gas. Not so much with electric.