Why EV Sales May Be Slowing Down

November 3, 2023 12:17:53

The nascent electric vehicle industry is currently experiencing a sales decline that has forced many carmakers to either cut back or delay EV production. For the majority of the industry’s existence, extremely limited supply coupled with high demand allowed carmakers such as Tesla to charge a high premium for their offerings.

However, with several established automakers and startups flooding the EV market with new EV models, electric vehicle supply seems to have finally surpassed the…

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