The future of cars is electric. That’s not just what I think, it’s not just what is required to slow climate change, it’s what many of the world’s automakers have publicly stated. However, over the last month several automakers have said the transition from gasoline to electric vehicles (EVs) will need to slow down, in part citing demand.
It’s important to understand two facts driving this flurry of pessimistic press. First, while overall EV sales are up compared to last year, there are short-term sales dynamics negatively impacting some, but certainly not all, EV makers. Second, the Environmental Protection Agency (EPA) is in the process of setting regulations for future passenger vehicles—and casting doubt on EV sales is a tactic to push for weaker regulations.
Are EV sales actually slowing?
Data through the end of September 2023 shows that the EV…
Read the full article originally published at blog.ucsusa.org.