WHY AMERICANS AREN'T BUYING MORE EVS

Summary from the TLDR newsletter

Electric vehicles are still too expensive to be accessible to millions of Americans. High prices, high interest rates, and concerns over driving range and charging infrastructure have chilled buyers' enthusiasm, even among those who consider themselves green. The US government has set policies that hit Chinese manufacturers of cars, batteries, and other components with punitive taxes. It also restricts federal tax incentives for consumers buying Chinese products. While the laws aim to allow the US to develop its own supply chains, analysts say such protectionism will result in higher EV prices for US consumers in the meantime and slow down EV adoption in the US.