Evs Could Become Niche Vehicles In The US As Sales Plummet

(MENAFN- Investor Brand Network) Electric vehicles are having a brutal stretch in the United States. Their share of the new-car market hit a record near 12% last September, right before a $7,500 federal EV incentive went away. By January that share had fallen to 6%, and Cox Automotive figures show sales dropped by a further 20% that month compared with December.

For brands like Ferrari N.V. (NYSE: RACE) that target a niche market at...

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