Electric Vehicle Manufacturers Losing Money, Despite Record Sales

Electric vehicles hit another sales record—but manufacturers are losing money. Experts blame government interference in the free market.
Electric Vehicle Manufacturers Losing Money, Despite Record Sales
An electric car charges at a mall parking lot in Corte Madera, Calif., on June 27, 2022. Justin Sullivan/Getty Images
Patricia Tolson
Updated:
News Analysis

Although electric vehicles hit another sales record, high production costs and a dwindling new customer base have spawned increasing corporate losses, forcing electric vehicle (EV) makers to scale back on their plans to expand the market. Some experts believe that these problems are a result of government interference in the business of industrial policy.

Patricia Tolson
Patricia Tolson
Reporter
Patricia Tolson is an award-winning Epoch Times reporter who covers human interest stories, election policies, education, school boards, and parental rights. Ms. Tolson has 20 years of experience in media and has worked for outlets including Yahoo!, U.S. News, and The Tampa Free Press. Send her your story ideas: [email protected]
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