Electric vehicle sales in the United States have dropped for the first time in 14 months, despite an increase in available options, tax credits, and a rapidly expanding charging infrastructure. This decline comes amidst growing global EV demand, particularly in China, which contrasts sharply with the U.S. market’s cooling trends. Political factors also contribute to this slowdown, including a congressional fight that threatens battery manufacturing credits, which could impact job growth in key states. While global demand for electric vehicles soars, the U.S. market faces challenges that may hinder continued growth.
EV sales in the U.S. just slipped for the first time in 14 months, even though there are generous incentives and improving technology.
America's EV market share dropped from 7.4% to 6.6%, but overall trends indicate that the U.S. EV market is still competitive.
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