Is Electric Vehicle Demand Falling?

The answer is a simple yes and no.

There are several things happening in the battery-electric vehicle market right now that indicate big changes are coming. Most of these changes are indicating that prices are going to drop and that EVs are no longer going to be able to command a premium. This is both a disincentive for automakers and an incentive for consumers. We’ll see how it pans out in the coming months as 2024 progresses.

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