COVID-19 Hits U.S. EV Market in Q2
U.S. passenger EV sales were down 44 percent in Q2 compared to 2019. COVID-19 was part of the problem as many automakers remained shuttered in April and face delayed production timelines for existing and upcoming EV models. It was not all doom and gloom for the EV sector, however, and government and utility funding for EVs is up in 2020. In addition to this, automakers, startups, and charging companies continue to raise investment for transportation electrification and EV stocks have been among the hottest on the market through the summer. In this episode of EV Hub Live, we’ll talk with Britta Gross from the Rocky Mountain Institute and David Ferris from E&E News about recent developments in the EV market, namely passenger vehicle sales, policy developments, and electric utility activity, as well as how COVID is effecting the EV Market.