https://oilprice.com/Finance/the-Markets/Automakers-Reel-as-EV-Demand-Plummets.htmlAutomakers Reel as EV Demand Plummets
- Ford and other manufacturers reduced EV production as dealers petitioned against aggressive EV policies due to accumulating unsold EVs.
- Hertz announced selling off a significant portion of its EV fleet due to high maintenance costs and consumer preference for internal combustion engines.
- The EV industry faced criticism over a cheating scandal involving inflated efficiency ratings and excessive subsidies, highlighting the need for market-driven consumer choices.
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