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The Economic Times
The Economic Times

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

US car shoppers have been slow to warm back up to electric vehicles since a key federal subsidy expired a year ago, despite persistently high gas prices, while Europeans have flocked to the cars.

EV sales in the US are down 30.7% this year through September, according to research firm Motor Intelligence, accounting for just 6% of overall sales. That's less than the 8.5% at this time a year ago, when buyers rushed to beat the expiration of a $7,500 federal tax credit.

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