TSX:TVE - Post Discussion
Post by
wannabebuffet on Jun 17, 2024 11:06am
No EV Subsidies = No EV Sales
Looks like cracks are starting in the EV market.
In California subsidies were high for hybrids making the net price cheaper for hybrid than gas cars.
Americans bought them and then ran them on gas.
Now the subsidies are gone so are the buyers.
All over the world EV battery plants are scaling back expansion plans or cancelling them altogether.
Interesting how this will play out.
https://oilprice.com/Energy/Energy-General/From-Fantasy-to-Fact-The-EV-Slowdown-Gets-Real.html
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