You’ve heard it everywhere, or some variation of it. It’s never a contest claim, but an obvious truth, often leading into the meat of the sentence. “As EV growth stalls” or “In a market where consumers prefer hybrids to EVs.” The message is always clear: The EV revolution has burned out. Proceed to business as usual. There’s only one issue with that messaging: It is absolutely false. You’re being lied to. EV sales aren’t stalling here.
This year has also seen the launch of more affordable options, like the Chevy Equinox EV. General Motors is unsurprisingly recording record EV sales, even after discontinuing its most popular model, the Bolt. Of course, dealers and critics do have a legitimate reason to question the current EV sales boom. Manufacturers are offering heavy incentives on EVs, with dealer discounts piling atop them to move slow-selling inventory. Tax credits drive the prices down further.