Nearly half of American electric vehicle owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Co., a leading consulting firm.
On Tuesday’s broadcast of the Fox News Channel’s “America Reports,” Transportation Secretary Pete Buttigieg stated that “the automotive sector is moving towards EVs” and China pushed for an advantage in the EV market “because that’s the economically smart play” but “we can’t just sit back and let this happen on its own pace” because there’s a competition between the U.S. and China.
Tesla (TSLA) shares fell sharply Tuesday, extending their 2024 slump to around $270 billion, after the world’s leading EV maker posted a much weaker-than-expected tally of first-quarter deliveries.
