EV Demand Slows Despite Incentives, Forcing Automakers to Rethink EV Strategy

Consumer demand for EVs has slowed recently despite incentives, worrying automakers like GM who have invested billions.

Tougher emissions rules are coming that may require automakers to sell more EVs, even if consumer demand lags.

Automakers may have overestimated demand and scaled up EV production too quickly.

Concerns about lack of charging infrastructure and advancing technology are holding some consumers back from buying EVs.

Automakers like GM and Ford are tweaking EV strategy, slowing rollout of some models to better align with demand.