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Are Americans Falling Out of Love With EVs?


America’s spendthrift relationship with electric vehicles has lost some spark. It will take new generations of products to rekindle the romance on tighter budgets.

Sales of all-electric models in the U.S. have plateaued around the 100,000-a-month mark for the past half year after a period of rapid growth. Inventories are piling up and prices are falling, led by market leader Tesla. The average new EV sold for about $52,000 in October, down from around $65,000 a year ago, according to Cox Automotive.

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