Part 7/11:
Market responses to EV incentives have been mixed. For example, sales of electric vehicles spiked temporarily following the expiration of federal tax credits but are expected to decline once these credits end. Analysts remain skeptical about the long-term viability of EVs without subsidies, citing issues like the environmental impact of battery mining, the durability and recyclability of batteries, and the overall affordability for the average consumer.
Additionally, some high-profile EV models, such as Tesla’s Cybertruck, are criticized for their design and practicality, further fueling skepticism about the utility and market readiness of EVs.