The crystal ball for electric vehicles has gotten cloudy as many major automakers take a sober look at their EV plans and quietly shift priorities, cut production and extend new product timelines. While many headlines about EV sales in recent months were over-the-top gloomy, the market likely was due for this reality check. There’s no shortage of pricey electric SUVs and a dearth of entry-price EVs, even as higher interest rates have raised the cost of borrowing for buyers and makers.
Fred Meier is a freelance journalist who specializes in automotive writing. He contributes to Cars.com, providing readers with informative articles on various car models, features, and industry trends. With a focus on affordability and practicality, Fred's articles help car buyers make informed decisions.