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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

Gov. Newsom signs legislation on the hood of an EV.

California Governor Approves Instant ZEV Rebates For First-Time Buyers

That instant rebate is the centerpiece of a broader $600 million package Governor Newsom signed into law, keeping California active in the global clean transportation race.

Read More →
Green bar graphs showing quarterly increases and declines in EV sales volume
Hybridsby News/Media ReleaseJuly 10, 2026

New Vehicle Models Stabilize Electrified Market In Q2

But more credit goes to hybrids than to all-electric vehicles, as more buyers look for fuel-efficient alternatives amid high gas prices.

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A rendering showing solar panels and mobile chargers with battery storage at an open-air sports venue.
Chargingby News/Media ReleaseJuly 9, 2026

Xos White Paper Asserts LA Olympics Will Lack Enough EV Chargers

The commercial EV fleet company recommends some faster and more flexible remedies to relieve the anticipated shortfall.

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A blue EV backed up against a charging station in a parking lot.
Chargingby News/Media ReleaseJuly 8, 2026

ChargePoint, Optimus Expand Fast-Charging Network Across Southeastern U.S.

ChargePoint will serve as the exclusive solutions provider, delivering hardware, software, and services to support Optimus’ growing charging network.

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Operationsby Martin RomjueJuly 7, 2026

Running A Profitable Electric Rental Fleet

How do you successfully operate an all-electric rental car fleet? Whether you manage a rental fleet or another commercial fleet, this conversation offers practical lessons on deploying, operating, and scaling electric vehicles.

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Photo illustration of a gray hatchback EV charging and a gas vehicle filling up.
ChargingJuly 1, 2026

Why Charging May Never Be As Easy As Filling Up Gas

A seamless charge depends on a string of independent companies getting it right together, every time. How can electric fleets navigate the challenges to create a successful charging plan?

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Yellow Slate pickup truck on a platform.
Electric Vehiclesby Martin RomjueJune 26, 2026

Slate Debuts Colorful, Unique EV Models

A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.

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Yellow Slate Fastback on a raised platform in a warehouse.
Electric Vehiclesby Martin RomjueJune 25, 2026

Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets

Everything about this EV is counterintuitive and understated, making it stand out from the crowd.

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Profile view of Polestar 3
Electric Vehiclesby Chris BrownJune 25, 2026

Polestar Barred from U.S. Market Under Connected Vehicle Rule

The automaker loses its authorization to sell new vehicles in the U.S., starting with the 2027 model year. Polestar owners will retain access to the brand's service network.

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A Lucid Gravity robotaxi parked in front of the Houston skyline.
Operationsby News/Media ReleaseJune 23, 2026

Uber, Nuro and Lucid Plan Houston Robotaxi Service in 2027

The tripartite venture brings out the combined advantages of electric vehicles, mobility, and autonomy into ground transportation.

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