There’s been a lot of negative news around EV’s lately. Hertz slowing down their Tesla purchase, Ford postponing its investment, GM just continuing to make the absolute dumbest decisions with their EV’s, Toyota well being Toyota. Maybe I am over reacting but it feels like we are reaching some critical mass here and it feels bleek.
It’s primarily high interest rates forcing buyers to the sidelines, which is finally affecting automakers plans, which is making the news. There’s other factors too, but that’s the big one.