What Happened
With the war in the Persian Gulf now more than a month old, the effect on fuel prices is plain to see: On average, they're up almost a dollar per gallon, or 25 percent, according to AAA.
Why It Matters
For a nation as addicted to the automotive as we are, that's bad news.
Key Details
- Except, of course, for electric vehicles.
- The last half year has been rough for EV adoption here in the US.
- At the end of last September, the Trump administration abolished the federal tax credit for both new and used EVs, one of a series of policies that has disincentivized automakers to build EVs and consumers to buy them.
- Battery factories have been cancelled or repurposed, and EV lineups have been slashed as OEMs write down billions of dollars in the process.
Background Context
With the war in the Persian Gulf now more than a month old, the effect on fuel prices is plain to see: On average, they're up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles. The last half year has been rough for EV adoption here in the US. At the end of last September, the Trump administration abolished the federal tax credit for both new and used EVs, one of a series of policies that has disincentivized automakers to build EVs and consumers to buy them. Battery factories have been cancelled or repurposed, and EV lineups have been slashed as OEMs write down billions o
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Source: Ars Technica – All content – Original Link
Source: Ars Technica – All content
