It seems a week doesn’t go by without some damning statistical evidence surfacing to document electric vehicles’ failing fortunes. For example, this week the annual EY Mobility Consumer Index found that only 34% of global respondents intend to make an EV their next vehicle, citing expensive battery replacement and public charging inadequacy as major deterrents.
One bright side to the genre’s reversal of fortunes is that new EV transaction prices have been falling to help counter the weakening demand, with automakers offering cash rebates as rich as $7,500-$10,000 this month to help their dealers winnow their inventories.
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