The EV Bubble PoppedWhat Now?

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The EV market hasn’t been doing so well. In fact, Tesla deliveries actually declined year over year. This is especially concerning given that Elon has long projected a 50% annual growth rate for Tesla in terms of deliveries. At this point though, Tesla is not only failing to meet their annual growth rate targets but they’re even experiencing negative growth. It’s not just Tesla who’s suffering either. Rivian and Lucid are on track to go bankrupt and are desperately pivoting to cheaper vehicles to save their business. Even legacy automakers like Ford are starting to pull back on EVs, but what happened? Weren’t EVs supposed to be the future? Well, EVs are still definitely the future but the transition is not turning out to be nearly as fast as many EV enthusiasts expected. The reality is that a lot of people still prefer gas cars. Even people who own EVs like keeping around a gas vehicle as well. This video explains the various challenges EV makers are facing and the future of the EV market.

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Timestamps:
0:00The State Of EVs
3:16Interest Rates
6:45Waning Interest
10:02The Race Heats Up

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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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