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Saturday, 25 May 2024

Failing EV industry is a lesson to businesses; never underestimate the power of consumers

In China, electric vehicles have been assigned to vast graveyards of unsold vehicles. While ride-share services bought the vehicles at subsidised prices, private buyers are not so keen. So last year China began dumping its electric vehicles in Europe, where they are filling up the ports at Rotterdam and Antwerp.

The US also has unsold stocks of electric cars. And in Britain, the momentum for electric vehicles has slowed.

The great electric revolution that was promised just three years ago is already failing – and it will bring the car manufacturers down with it....<<<Read More>>>....