https://fred.stlouisfed.org/series/A136RC1Q027SBEA
That’s because consumer spending on automobiles is down across the board. Of course the portion of the car market that has the shakiest foothold is down the most.
Also, spending less could easily have to do with people preferring cheaper EVs. Whatever the interpretation, it is not likely to be an indictment of the technology itself.
All EV tax credits did was make Musk more money and cause Detroit to follow a similar path of high profit margin EVs.
EVs don’t need incentives, if they were priced like they should be, the fuel savings alone would be a huge incentive over 5 years.
Unfortunately, consumers are dimwits, very few do the 5 year calculations of ownership costs, because if they did, everyone would not be buying trucks.
EVs don’t need incentives
No, I think they do, because as you correctly point out:
Unfortunately, consumers are dimwits
