The slow down in electric car sales and how it will affect the car market
The market has experienced a rapid growth in electric car sales from 2022 to 2023. However, in the recent month in 2024 the car market has experienced a significant slowdown in electric car sales . Electric car sales began declining in the last few months of 2023 setting the stage for the 2024 electric car market. Electric Car Sales The decline in sales is partly due to economic factors as well as decrease in electric car adoption by consumers. Numerous consumers express concerns about the limited practicality of many current electric vehicles , primarily due to prolonged charging times and fluctuating projected range distances, reliability as well as safety issues. Going beyond simple range anxiety some consumers are put off by the recent bad press related to electric vehicle fires, intermittent electric issues as well as rapidly declining resale values of some of the most popular electric vehicles. Through social media, numerous electric car owners are openly sharin