How the US got left behind in the global electric car race

OCT 5 - You could be forgiven for thinking that electric cars might finally be gaining momentum in the US. After all, sales of battery cars topped 1.2 Kenya breaking news | Kenya news today |..

✨ Key Highlights

Despite recent sales surges, the United States is lagging in the global electric car race compared to other major markets. The expiration of a significant government subsidy is expected to reverse recent momentum, exacerbating challenges for the industry.

Electric car sales topped 1.2 million last year in the US, but the $7,500 tax credit expired at the end of September.
General Motors CFO Paul Jacobson and Ford CEO Jim Farley predict a significant drop in EV demand following the subsidy's removal.
In China, electric and hybrid cars accounted for almost half of overall sales last year, while in the US, they were 10% of overall sales in August.
The average transaction price for an electric car in the US was over $57,000 as of August, about 16% higher than for all cars.

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