EV sales slow in US on affordability woes; Asia charges ahead with supportive policies
• US consumer demand for EVs dropping due to inflation and affordability issues • Question if EV market could rebound in 2024 as inflation cools and new competitors enter • China able to expand EV charging infrastructure with existing electrical grid • Asia Pacific EV makers like VinFast taking advantage of US incentives to expand in North America • China and US have very different energy and industrial policies shaping their EV markets