The electric vehicle market is out of gas -- you can guess who's freaking out

The article argues that the U.S. electric-vehicle market is losing momentum, citing Lucid Motors’ need for restructuring help from AlixPartners after spending “hundreds of millions of dollars” each quarter. Although company spokespeople denied bankruptcy speculation, the stock fell, and the piece points to delivery levels described as very small compared with cash burn. It also says BloombergNEF cut its 2030 U.S. EV forecast: expected market share was reduced from 48% to 17%. The author links this shift to weak consumer demand shaped by range anxiety, unreliable charging, and high sticker prices, along with subsidy reductions. It contrasts U.S. driving conditions with Europe’s shorter trips and denser geography, suggesting the market mismatch explains stalled EV adoption. Examples include pauses and slowdowns in production plans across the industry.