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EVs in America: Stalled by Cost | Durham News
EV sales in the U.S. plummeted last year after federal tax credits expired, sending demand into freefall and dropping market share to just 5.7%—down from over 10%. Meanwhile, Europe’s EV adoption surged to 20% of new registrations, doubling in three years. In the U.S., lingering price concerns remain: EVs depreciate faster (losing 60% of value in five years vs. 40-50% for gas cars), and repairs after crashes cost 20% more. But there’s a silver lining—routine maintenance is 35-50% cheaper, costing $150-$300 annually vs. $900-$1,800 for gas cars. Some states still offer rebates ($1,500–$7,500)…
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