With federal tax credits gone and carmakers refocusing on gas-powered SUVs and trucks, the electric vehicle market was already struggling. The rising cost of fuel and a growing stock of used EVs change the math for consumers.
In response to U.S. trade restrictions, China has stopped exporting crucial chips used by automakers across North America. That’s already slowing down production of some models.
For the past few years, the annual gathering was held during warmer months. But many didn’t go for it, which may seem surprising given the typical weather in January in Michigan.