U.S. EV Sales Plunge as European Market Share Reaches New Heights

The electric vehicle market is showing divergent trends across major regions, with a significant slowdown in U.S. sales contrasting sharply with record growth in Europe. Factors such as the expiration of key federal tax credits and a limited selection of affordable models are dampening demand in the U.S., while Europe's EV share has climbed to an all-time high of 23.2 percent.