Sounds like Bloomberg has another “cash for clunkers” plan in mind. Worked so well last go-around. Obama would be proud.
1) Car sales have cratered. SUVs dominate as the population ages and does not want to bend so low to get in a car. All of these triumphant declarations about no more gasoline cars depend on that. There weren’t going to be many of them anyway.
2) EVs fail in winter. Simply that. You can’t get any decent range with the heater on in the cabin. The fix is to suggest you should have a 2nd car for winter.
3) EVs stopped reporting monthly sales in October. Starting in July, sales were falling vs the equivalent month of 2018. It’s being hushed up. The exponential growth narrative has been smashed.