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    Commentary: The middle class is not buying electric vehicles as hoped. What happened?

    Automakers are now learning an important lesson: Not all car buyers are wealthy environmentalists. This should be obvious but apparently isn’t, which is why the auto industry is now wringing its hands over electric vehicle sales problems. General Motors, Ford, Mercedes, Nissan, Toyota and even Tesla have raised red flags about slowing demand. GM scaled back plans for 2024 and said it would ...
    by Charles J. Murray, Chicago Tribune Nov 09, 2023 2 minutes
    A Tesla Model S sedan is plugged into a Tesla Supercharger electrical vehicle charging station in Falls Church, Virginia, Feb. 13, 2023.

    Automakers are now learning an important lesson: Not all car buyers are wealthy environmentalists.

    This should be obvious but apparently isn’t, which is why the auto industry is now wringing its hands over electric vehicle sales problems. General Motors, Ford, Mercedes, Nissan, Toyota and even Tesla have raised red flags about slowing demand. GM scaled back plans for 2024 and said it would delay the opening of a new.” And Toyota’s chairman, Akio Toyoda, said last week that “ ” of EVs.

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