A Tesla electric vehicle drives past the Tesla Inc Santa Monica Place store, in Santa Monica, California
NEW YORK — The U.S. transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.
Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs at dealerships.
"The slowdown in EV sales is much more pronounced than it is for other categories of vehicles and that isn't related to the economy," said Neil Saunders, managing director of GlobalData.
"The EV has a problem attached to it," he said.
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