Why the demand for EVs is not as strong as for gas powered vehicles
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EV investment continues to ramp up, from government subsidies to the production of charging stations across the country. Yet the demand for electric vehicles remains low. One of the reasons for this seems to be affordability, considering inflation and higher interest rates, buying an EV is a costly affair. Recently, EV giant Tesla (TSLA) announced it would cut prices of its slower-selling models to help affordability. This calls into question whether or not the continued investment is worth it. Ronald Jewsikow, Guggenheim Securities Vice President – Automotive Equity Research, and Craig Irwin, ROTH Capital Partners Senior Research Analyst, join Yahoo Finance Live to discuss what investors should consider when buying […]