Reported about 1 year ago
The development of electric vehicles in the United States is facing a new hurdle with a 31.8% drop in secondhand electric vehicle prices revealed by recent survey data, driven mostly by Tesla lowering new car prices. Nearly half of Americans surveyed are not willing to switch to electric vehicles, prompting car rental giant Hertz to not only stop purchasing new electric vehicles but also to heavily sell off cars. The situation highlights the challenges in the US automotive market amid concerns about prices, charging infrastructure, and the convenience of electric vehicles, with the current trend leaning towards hybrid vehicles as President Biden eases the country’s electric vehicle adoption goals in response to market demands and competition from China.
Source: YAHOO