Goldilocks Finds the EV Market Too Hot, Too Cold, and Just Right

NADA’s Mike Stanton says his organization is highly skeptical that consumers will adopt EVs anywhere near the levels required by the latest EPA rules. Automaker lobbyist John Bozzella sees the automotive future as fully electric, without question, and says President Biden’s adjustments were needed to “give EV demand more time to kick in. Climate activist Dan Becker thinks the EPA’s final rules are, well, too cold, and will cede EV market share to Chinese manufacturers.

” Abuelsamid also points out that Chinese EVs will have to be built to US safety standards, and that means they’ll likely no longer have the eye-popping low prices seen on EVs in China and Mexico.The slowing growth of EV sales in the US has made headlines, giving ammunition to naysayers. But it’s not a massive slowdown: EVs broke global sales records in 2023, and in the US there was an almost 50% sales increase year over year from 2022—to 1.1 million units.

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