Rising auto costs and supply chain disruptions are threatening to derail the US's momentum in the electric vehicle (EV) market, sparking concerns that the country may miss the "golden age" of EV adoption. Despite initial enthusiasm and government incentives, the increasing cost of EVs, coupled with a global chip shortage, has made them less affordable for many consumers. As a result, sales of EVs in the US have begun to slow, raising questions about the nation's ability to meet its ambitious climate goals and the long-term viability of the EV market. With the Biden administration's target of 50% of new car sales being electric by 2030 now in jeopardy, policymakers and industry leaders are scrambling to find solutions to reignite the EV revolution.
As auto costs rise, will the US miss the golden age of electric vehicles? The Guardian
