Electric vehicle (EV) sales have taken a significant hit for both Ford and General Motors, two of the biggest players in the US automotive market. According to recent data, EV sales have plummeted, sparking concerns among investors about the future prospects of these stocks. The decline in EV sales comes as consumers are facing higher prices and reduced incentives, making electric vehicles less appealing. As a result, investors are closely watching the performance of Ford and GM stocks, which have already seen a decline in value, to see if this trend continues.
Ford, GM EV Sales Plummet. What That Means for the Stocks. barrons.com