Reported 12 months ago
Strong quarterly sales brought relief to US electric vehicle (EV) investors, but challenges remain for companies like General Motors, Rivian, Tesla, and Toyota due to slow EV demand growth attributed to high borrowing costs and consumer preference for hybrids. Despite upbeat EV deliveries, analysts warn of ongoing cost pressures. While global EV sales are expected to increase, caution is advised in predicting sustained growth. Various incentives and efforts aim to drive market demand, but uncertainties persist in the EV industry.
Source: YAHOO