Reported 8 months ago
Despite the drop in battery manufacturing costs leading to reduced prices of electric cars, the sales performance of electric vehicles in the US market has been less than ideal, with a decrease of 8.5% over the past year. Factors like range anxiety and inadequate charging infrastructure continue to deter many consumers from purchasing electric vehicles. Tesla, a key player in the market, has been offering price reductions and introducing new affordable models to boost sales amid an oversupply crisis. However, consumer preference for gasoline cars, coupled with concerns about depreciation and charging convenience, highlight the challenges facing the electric vehicle market in the US.
Source: YAHOO