They have earned billions of dollars selling SUVs and pick-up trucks but have struggled to sell electric cars, ceding the American share of the market to Tesla. The White House hopes to accelerate the shift by offering more financial incentives and rebates to lower the cost of electric cars. AdvertisementExperts agree that these steps are necessary if electric cars are to go mainstream. “And I think that could drive the agreement.”Market analysts say that American drivers are unlikely to embrace electric cars as quickly as the White House and California regulators hope. Rather than running out to buy electric cars, which most households can’t afford, they’ll turn to used gas-burning and hybrid cars.

Source: Los Angeles Times February 08, 2021 11:03 UTC