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Even though prices have come down and the federal government is helping with rebates, the average price is still above $50,000.
For the first time, the electric vehicle maker’s market share is under 50%.
The goal: Make buying an electric vehicle more attractive and simpler.
With electric vehicles becoming more common, some states, like Texas, are levying flat fees to make up the shortfall.
The International Energy Agency expects demand to grow, but more slowly than this year. OPEC expects it to stay about the same.
In April, the state’s Air Resources Board adopted a new mandate that would require companies with fleets of 50 or more trucks to start transitioning to electric vehicles.
Aviation company Surf Air Mobility is developing an electric engine to power planes during short jaunts. But the market is still untested.
Leaking gasoline storage tanks pose an environmental — and financial — risk to fueling stations across the country.
As companies announce price cuts on their electric vehicles, they hope to encourage more customers to shell out.
The industry may need to cut costs to bring down stickier prices.