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The Economic Times

World / The Economic Times

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Why electric vehicles sales are lukewarm in America, but hot in Europe

Electric vehicle sales in the United States have dropped 30.7% this year following the expiration of a federal subsidy. In contrast, European buyers have embraced electric vehicles, significantly increasing their market share amid rising fuel prices. Many US automakers have discontinued electric models, with buyers shifting towards hybrids and used EVs. Meanwhile, certain EV-only brands like Tesla and Rivian continue to perform better than traditional automakers' electric offerings.

8 Oct 2026 4:07 pm