Electric car market stalls as consumers opt for petrol vehicles
- Sales of electric vehicles have grown only 2.7 percent in the first quarter, far below the previous year's growth rate of 47 percent.
- Several auto manufacturers, including Tesla, have faced challenges meeting EV production estimates due to slowing demand.
- The Biden administration aims to require 67 percent of all light-duty vehicles sold after 2032 to be electric or hybrid.
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