EV sales are up, but U.S. automakers — and drivers — are still cautious
According to Marketplace, automakers have revised their electric vehicle production targets, delaying or canceling new model rollouts and shifting toward hybrids in recent months. Despite this, EV sales in the U.S. rose 11% in Q3, with global sales increasing by a third in September, primarily due to China.
Consumer demand has not matched initial expectations, leaving dealerships overstocked with EVs, leading to markdowns in prices. However, incentives such as government tax credits and significant dealership discounts are boosting sales.
