EVs Are Setting Records. But There’s a Wake-Up Call in the Data.

Electric-vehicle sales are setting U.S. records. This past week, Cox Automotive updated its U.S. forecasts, saying all new-car sales should come in at about 15.4 million units this year, up from 2022’s 14.2 million but trailing prepandemic sales of nearly 17 million. As for EVs, this-quarter unit sales should come in just about 300,000, up 48% year over year, and a record 8% of new-car sales.

Cox projects that EV sales will account for 23% of all new-car sales in California in the third quarter, while the figure in Michigan and Ohio—Ford and General Motors country—is 3%. Both have lots of assembly plants and employees there, but locals aren’t rushing to buy EVs. One reason: cold weather, which can cut EV range by 20%-25%. One solution: heat the cabin while the car is plugged in.

Companies Hollywood writers reached a tentative agreement with the studios after a nearly five-month strike. Ford Motor suspended construction of a $3.5 billion EV battery plant that would have used Chinese battery technology. The auto workers expanded their strike against Ford and General Motors. The Federal Trade Commission and 17 state attorneys general sued Amazon.com for “using a set of interlocking anticompetitive and unfair strategies to maintain its monopoly power.

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