With gas averaging $4.50 per gallon in the United States, and the international waterway through which 20% of the world’s oil flows effectively closed, it might seem like a good time for Americans to buy an electric vehicle.
Instead, EV sales in the US are projected to fall from 1.5 million to 1.2 million this year, according to the International Energy Agency (IEA), an organization that works with governments and industry to shape a secure and sustainable energy future. Meanwhile, Car and Driver magazine reports that auto manufacturers from Acura to Volvo have recently canceled or discontinued their EV models.
Read more at Northeastern Global News
Photo by Ferrari
