90% Of People In This Nation Own EVs
About 4% of new cars sold in the US are EVs. As people rushed to claim the $7,500 tax credit, it briefly went up. It is now expected to drop to 4% of new car sales.
The US is littered with car companies that have spent billions of dollars to enter the EV market. With falling EV sales, they have started cutting production and taking write-offs on EV assets. There is even concern that Tesla’s US sales could drop in the fourth quarter.Â
In one nation, almost every car purchased is an EV. That means electricity production in the country is strained by EV charging, not by AI data centers, as it is in the US.Â
Government Incentives
According to Semafor, “Norway declared victory in its effort to phase out gas car sales by 2025. A slew of tax exemptions, free access to toll roads, and other incentives have rapidly driven uptake of electric vehicles in the country.”
The lesson for, and anxiety about, America is that it has no such program and will not under the current Administration. Biden believed that 50% of all new vehicles sold in 2030 would be EVs. Current forecasts are for about half of that.Â
Norway is an example of how rewards from the central government drive national behavior. Without them, the adoption of a wide range of things will not occur.
EVs in the US are dead for now, and will be until the government entices people to buy into the market
More from Electricity Wars
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- EV Market Collapse, Grid Change
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- Musk’s Problem: Cheaper Cars, Expensive Electricity
