Electric vehicle market experiences ‘Field of Dreams’ moment – but it’s a nightmare for car makers and a worrying sign ...Middle East

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Electric vehicle market experiences ‘Field of Dreams’ moment – but it’s a nightmare for car makers and a worrying sign
AS ELECTRIC vehicle drivers celebrate huge price cuts, it may not be good news for the manufacturers, experts claim. With more car makers increasing their electric portfolio, the market has become more competitive, with staggering price drops luring in more customers. GettyElectric vehicle manufacturers have been warned of saturating a market that has little demand[/caption] GettyDrivers have taken to social media to call for more hybrid vehicles over EVs even amid price drops[/caption] However, as the EV market celebrated a record quarter in the US in July, experts have warned manufacturers of the “field of dreams.” Kelly Blue Book reported in June that the average price for

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