‘EVs will only grow very slowly from here on out due to a saturated market and lack of consumer demand,’ an energy analyst said.
Illustration by The Epoch Times, Shutterstock
|
Updated:
A few years ago, U.S. auto executives were hailing their conversion to electric cars and market analysts were predicting exponential growth in electric vehicle sales amid the inevitable extinction of the gas-powered engine.
Executives from General Motors (GM), Ford, Volkswagen, Mercedes, and Volvo pledged that their fleets would be 100 percent electric within a decade.
