No, electric vehicle sales aren’t dropping. Here’s what’s really going on::Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.

  • ShepherdPie
    link
    fedilink
    English
    arrow-up
    11
    ·
    10 months ago

    It’s because interest rates are 5x higher than they were a couple of years ago. Nobody wants to finance a $70k car at 8%.