Although not quickly enough, the American electric vehicle market is expanding.

In the most recent quarter, in order to stop unsold EVs from amassing at some automakers' dealerships.

 analysts and market statistics, EVs aren't piling up to allow Tesla to avoid further price reductions.

Rising inventories and price reductions might only cause a temporary halt to the growth of the EV market.

However, they might indicate that increasing American EV sales beyond their current market share of 7% is necessary.

Even with federal and state subsidies, achieving share level will cost more and be more challenging than anticipated.

The results of the upcoming quarters will determine how much money automakers in North America have invested in EVs.

Through 2026, the U.S. market is anticipated to get more than 90 new EV models.