re: The "downfall of EV's" appears to be propaganda and overhyped

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The "downfall of EV's" appears to be propaganda and overhyped

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Demand for electric vehicles in the U.S. has cratered since last September, when the $7,500 federal tax credit for EVs expired. The financial losses have forced automakers to write off billions of dollars in investment -- factories, battery technology and new models. EVs totaled nearly 12% of the U.S. market last September, a record high. In January, that share dropped to 6%, according to Cox Automotive data. Sales of EVs in the U.S. plummeted 20% in January versus last December. "2026 will be hard -- the industry is trying to find that natural demand"

Did analysts forecast the massive drop-off? Yes, but "the size of the write-offs took people by surprise"

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A sharp sales decline began last year when the federal government ended a $7,500 tax rebate for EV buyers. Americans bought 216,399 EVs in the first quarter of 2026 – 27% fewer than in the first quarter of 2025.

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When the Subsidy Runs Out, Does Anyone Actually Want an EV?

There is a rather interesting experiment taking place in America. Remove the government subsidy from electric cars and see what happens. According to reports in Automotive News, U.S. EV sales have plunged by around 31% following the end of the federal incentives. Perhaps Jeremy Clarkson was onto something when he famously described electric cars as “household appliances.” And therein lies the problem. When the subsidy disappears, suddenly the spreadsheet has to stand on its own. When you factor in cost of insurance, range anxiety and really bad depreciation it simply does not.

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The Hybrid Camry might be hard to pass up, though.

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Not in the auto sector, which is essentially a heavily regulated industry in the US.

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