A few things are happening: the IRS rules for tax credits change on Jan. 1, meaning that when you buy an EV the dealer takes $7,500 off at the point of sale (instead of buyers having to wait a year to deduct it from taxes.) Buyers may be waiting for Jan. 1.
Also, gas prices in the U.S. have been declining for 3-4 months, which means the people most sensitive to higher gas prices have stopped thinking about making a move to EVs - for now. Gas prices always eventually rise.
Finally, ICE vehicle sales in the U.S. have been under pressure since 2017. EV sales are holding up really well in comparison.
A few things are happening: the IRS rules for tax credits change on Jan. 1, meaning that when you buy an EV the dealer takes $7,500 off at the point of sale (instead of buyers having to wait a year to deduct it from taxes.) Buyers may be waiting for Jan. 1.
Also, gas prices in the U.S. have been declining for 3-4 months, which means the people most sensitive to higher gas prices have stopped thinking about making a move to EVs - for now. Gas prices always eventually rise.
Finally, ICE vehicle sales in the U.S. have been under pressure since 2017. EV sales are holding up really well in comparison.