Are electric vehicle sales really losing their charge?

If there’s been any trend in the auto industry over the past decade, it’s undoubtedly the rise of electric cars. The majority of automakers now offer some form of a gas-free vehicle. A new electric car, once seen as a luxury item, can now be purchased for less than $30,000

However, the majority of electric vehicles (EVs) are still significantly more expensive than their gas-powered counterparts, and it seems some industry analysts are pointing toward an overall decline in electric car sales as a result. A recent report in The Wall Street Journal noted that “automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory” because “sales growth has slowed for battery-powered models.” Some automakers are also offering significant cash rebates for people who buy EVs. 

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