How EVs became such a massive disappointment | CNN Business
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Tesla’s slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids.

No, electric vehicle sales aren’t dropping. Here’s what’s really going on::Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.

  • AutoTL;DR@lemmings.worldBEnglish
    3·
    9 months ago

    This is the best summary I could come up with:

    And now the EPA is considering slowing down requirements for automakers to sell more electric vehicles, dialing back what had been aggressive plans to move away from gas powered cars and SUVs.

    Industry experts cite a number of reasons for this, including vehicle price, lack of charging capacity and confusing tax credit rules.

    Besides being too expensive for the average buyer, selection is limited in terms of body style, said Corey Cantor, an industry analyst with Bloomberg New Energy Finance.

    This is why Ford recently cut prices for the Mach-E SUV and why Farley created a team to work on a less expensive EV engineering platform that will be the basis for future models.

    BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis have come together to create a joint venture that plans to install about 30,000 chargers across the United States and Canada.

    In the words of the Portuguese auto executive, who spoke to journalists in New York recently, public EV charging needs to “jump on your face” before most customers will consider an electric vehicle.

    The original article contains 1,022 words, the summary contains 176 words. Saved 83%. I’m a bot and I’m open source!