How Electric-Vehicle Demand Is Losing Steam in the U.S., in Charts [View all]

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https://www.wsj.com/business/autos/electric-vehicle-demand-charts-7d3089c7
https://archive.ph/wpsva

How Electric-Vehicle Demand Is Losing Steam in the U.S., in Charts
EV sales grew nearly 50% this year but have plateaued in recent months
By Sean McLain and Nate Rattner
Dec. 27, 2023 5:30 am ET

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Sales of electric models rose rapidly in the first 11 months of the year, faster than the car market as a whole but at a slower pace than in previous years.

Car executives say they are confident that sales will accelerate as additional lower-priced models come out and the availability of public chargers improves.

In the near term, the cooling buyer interest has weighed on U.S. makers that had ramped up vehicle and battery production in anticipation of a larger surge in customer demand. Electric-vehicle sales began to stall in the latter half of this year, a move that car executives attributed to the relatively high prices of electric models.

As a result, electric cars and trucks are piling up on dealer lots, causing auto companies to reassess their investment plans. It takes a dealership around three weeks longer to sell an EV than a gasoline vehicle, according to data from car-shopping website Edmunds. A year ago, battery-powered models were selling faster than their gasoline counterparts.

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