Why Elon Musk's Tesla is facing crisis in US EV market? Will Joe Biden administration's tariff put brakes on EVs?
Expanding EV infrastructure
With creative solutions like charge-while-you-drive roads, the United States is adding additional EV chargers. However, worries regarding the vehicle's range and the availability of chargers continue, which makes some people prefer plug-ins or hybrids with smaller batteries. EV ownership is also impacted by political polarization, with conservatives opposing foreign EV businesses and liberals avoiding Tesla because of Elon Musk's right-wing views. Biden administration tariffs may restrict the supply of batteries, notwithstanding the surge in e-bike sales.
Differences in definitions make evaluating EVs more difficult for the industry. Battery-powered vehicles, ranging from bicycles to buses, are categorized as EVs. For instance, the top-selling Lectric e-bike is only a little less popular than Tesla's models. To represent its diversity, the simplistic perception of the EV business must change. Opting between a Prius and a Model Y is no longer the only option available; the public isn't completely aware of this transformation, but personal transportation is quickly moving toward electric vehicles.
EV industry success
Success for EVs is measured using a variety of indicators, including income generation, job creation, factory establishment, and geographical distribution. Through initiatives like the Bipartisan Infrastructure Bill and the Inflation Reduction Act, the Biden administration hopes to electrify the country and ignite a manufacturing renaissance. But the emphasis here is more on
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