US auto market possesses 'a dirth' of cheap, affordable EVs

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The US electric vehicle market has slowed down for a number of reasons — pricing and affordability concerns, lack of adequate charging infrastructure...

The US electric vehicle market has slowed down for a number of reasons — pricing and affordability concerns, lack of adequate charging infrastructure, budding competition in international markets. Barron's Senior Writer Al Root and Gabelli Funds Portfolio Manager Brian Sponheimer join Market Domination to talk about what could propel American EV demand forward.

In Ireland, around half of drivers don't believe that EVs are better for the environment, highlighting the transition challenge. Here's how much Americans have saved up in their retirement accounts by age — are you ahead or way behind? -- Shares of BCE Inc. tumbled to the lowest in more than a decade and Rogers Communications Inc. suffered its biggest drop of 2024 after BMO Capital Markets published a darker outlook on Canada’s telecom sector.

 

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City of Thunder Bay adds more EVs to its fleet as push toward electrification continuesOne of Thunder Bay's new F-150 Lighting electric pickup trucks is displayed at the city's transit garage on Thursday. The city has purchased two of the vehicles, which will be used to support transit operations.
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EVs will be cheaper to produce than gas-powered vehicles by 2027, research showsBattery electric vehicles will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday.
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Expanded electric capacity to handle EVs must be taken seriously, say expertsThe Hill Times
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Biden administration rolls out new tailpipe rules that will boost EVs and hybridsThe Biden administration on Wednesday finalized one of the most significant pieces of its ambitious climate agenda: the strongest new tailpipe rules for passenger cars and trucks that will decisively push the U.S. auto market toward electric vehicles and hybrids.
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