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Electric Vehicles Hit the Growing Pains Stage

This roundup of recent electric vehicle industry headlines rounds out current perspectives on electric vehicle adoptions.

Electric Vehicles Hit the Growing Pains Stage

Among the members of the EV hot startup club, Canoo, maker of an electric pickup truck, has seen its stock plummet by 96% in less than three years, similar to the declining fortunes of other non-major EV manufacturers. If you had invested $1,000 when Canoo completed its special purpose acquisition company (SPAC) merger in late 2020, you would now have a bit less than $40.

Photo: Canoo

2 min to read


While fleets run on different routes and schedules than consumers, they face many of the same challenges and hurdles when considering electric vehicles.

Recent developments in the electric vehicle world point to growing concerns and skepticism among prospective EV buyers, as the initial burst of rosy outlooks and idealistic green visions yield to the facts on the ground. Here's a recent roundup of the emerging EV hesitation:

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Electric Vehicle Stocks Tanking

2022 was a dismal year for much of the market, and electrical vehicle (EV) stocks didn't escape the pain. Valuations compressed across the sector as interest rates rose and fears of a recession increased. Manufacturers also faced several sector-specific headwinds, including rising lithium prices, supply constraints, and competition from legacy automakers.

EV stocks got crushed across the board last year. Though investors hope the sector will experience a comeback in 2023, that seems unlikely to materialize this year.

Find out more in this article from The Motley Fool

Why are More Americans Avoiding EVs?

Meanwhile, Americans are getting more divided on electric vehicles. While EVs gain market share, an increasing number of motorists say don't want one as their next car. The reasons include: Long charging times, lack of charging stations, and high pricing.

More reasons from Business Insider

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Electric Vehicles Hitting a Brick Wall

Those sentiments came out of a J.D. Power study, called the E-Vision Intelligence Report report released May 1, that finds market share for EVs declined in the first care, characterizing it as a "brick wall" instead of a "speed bump." The percentage of those consumers saying they're “very likely” to consider an EV has stagnated at around 27% for the last few months.

More stats and details on study in this Forbes report

Lordstown Motors Skidding Out?

And in another ominous sign, Lordstown Motors has warned it could soon file for bankruptcy. The much-hyped manufacturer was favored in 2020 by President Donald Trump, but then went on a journey of "manufacturing mishaps" and miscalculations that have sunk its share price from $26 to 40 cents.

More about the Lordstown flameout in the Wall Street Journal

Ditching the EV Over a Charging Drought?

Finally, a columnist for the Los Angeles Times, and an admitted EV owner and enthusiast, recently penned a lament about the frustrations and inconveniences of her electric vehicle. She's thinking of trading it back in for a gas-powered hybrid plug-in.

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More Electric Vehicles

Kia Telluride hybrid SUV driving on a mountain road at sunset, highlighting award-winning electrified models recognized by U.S. News for performance, efficiency, and value.

Three Kia Models Win Hybrid, Electric Car Awards From U.S. News & World Report

The magazine highlighted the Telluride HEV, Niro HEV, and Sportage HEV for efficiency, performance, and overall value.

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Hyundai IONIQ 5 electric SUV parked near wind turbines, named Best Compact Electric SUV, highlighting fast charging, modern design, and efficiency.

Hyundai Sweeps EV and Hybrid Awards On U.S. News & World Report Best List

Hyundai earns three top spots in U.S. News’ 2026 hybrid and EV rankings, led by repeat wins for the Tucson Hybrid and IONIQ 5 and a category win for the new IONIQ 9.

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PG&E PowerHouse demo home in San Ramon with wall-mounted EV chargers, batteries, and electric systems, showcasing all-electric home technologies and energy management solutions.
Chargingby News/Media ReleaseApril 23, 2026

All Electric Test House Could Ease Path To EV Usage

An experimental model home shows how residential charging could enable electric fleet operations by allowing drivers to take EVs home.

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Subaru electric SUV driving along a coastal highway at sunset, representing the 2027 Getaway with three-row seating and all-electric performance.
Suppliersby News/Media ReleaseApril 22, 2026

Subaru Unveils New Electric SUV, a Three-Row 2027 Subaru Getaway

Subaru introduces the all-electric 2027 Getaway, a three-row SUV with 420 hp, over 300 miles of range, and fast-charging capability, expanding its EV lineup.

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Charts show March EV sales: 82,629 new units (up month over month, down year over year) and 42,924 used units (up sharply), with EV share at 5.9% new and 2.5% used.

High Gas Prices Spur EV Sales Rebound

EV sales showed strong month-over-month gains and surging used EV demand, while tighter inventory and declining prices narrowed the gap with gas-powered vehicles.

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Chargingby News/Media ReleaseApril 21, 2026

WEX Launches Solution to Close EV At-Home Charging Visibility Gap

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Lucid electric vehicle equipped with rooftop sensors parked outside a modern building, representing expanded partnership with Uber for future robotaxi deployment.

Lucid Receives New Investments As It Expands Uber Robotaxi Venture

Lucid and Uber partner to provide at least 35,000 vehicles, backed by new investments totaling $750 million to support the deployment of autonomous fleets.

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Orange Slate electric pickup truck parked outdoors between industrial structures, representing the company’s upcoming customizable EV supported by new funding.
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Slate Auto Raises $650 Million In Funds As It Prepares E-Truck Production

Slate Auto will use the money to advance production plans, with more than 160,000 reservations and deliveries targeted for late 2026.

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Aerial view of large EV truck charging hub in San Bernardino with multiple charging lanes and infrastructure for fleet vehicles.
Chargingby News/Media ReleaseApril 15, 2026

Major Truck Charging Hub Opens In Southern California

EV Realty opens a 76-port, 9 MW truck charging hub in San Bernardino, designed to support more than 200 medium- and heavy-duty vehicles per day with CCS and MCS capability.

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Dan Hilson and Martin Romjue photos on the title page.
Chargingby Martin RomjueApril 14, 2026

Software Speeds Up EV Fleet Charging

Learn about a new level of energy management that helps fleets control costs while maintaining service reliability. [VIDEO]

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