Electric Vehicles' Hype Begins to Subside

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【Summary】The US electric-vehicle bubble is deflating as government-built industries often fail due to government involvement. Voters are not buying into the idea.

FutureCar Staff Aug 25, 2023 9:37 AM PT

Electric Vehicles' Hype Begins to Subside

One problem that the U.S. is facing is that voters are not convinced by its attempts to imitate China's economic model. This irony is evident as the country's industrial policy is currently falling apart. A prime example of this is the collapsing electric-vehicle bubble, which serves as a lesson on how government-built industries can also fail due to government interference.