Examining declining EV sales as Tesla lowers sales expectations

Tesla put out an unusual warning Tuesday of lower than expected sales.

The company was not the only electronic vehicle maker with lowered expectations. Several car companies, from General Motors to Porsche, have significantly slowed their EV rollouts, with some saying they will invest less in their electric divisions.

Tesla predicts a second straight year of declining EV deliveries.

“I think the charging times are going to have to get faster,” said Brian Moody, Kelly Blue Book executive director. “There needs to be more and more reliable chargers and there’s also going to be have to be a wider variety of vehicles at lower price points.”

The latest sales figures come after a strong quarter a few months ago as people bought EVs ahead of the cancelling of the $7,500 federal EV discount.