The Electric Vehicle Dilemma: Oversupply or Lack of Demand?

The electric vehicle (EV) market is heading for a plateau as the industry transitions from early adopters to regular customers, posing a challenge for companies like Ford and Tesla. The rapid growth witnessed in recent years is not sustainable, and the market cap for EV growth appears to be around 7% of the overall market. As the industry runs out of enthusiastic early adopters, the shift to more average car-buyers will be a growing pain, making it difficult for companies to anticipate demand. The states with the highest share of EV sales are currently among the slowest to grow sales, indicating a natural resistance between 7% and 10% market share.