Learn More: The Realities Intruding on Mass Electrification
Electric Vehicles Hit the Growing Pains Stage
This roundup of recent electric vehicle industry headlines rounds out current perspectives on electric vehicle adoptions.

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
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:
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.
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.
More Electric Vehicles

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FedEx Orders 2,000 Harbinger Electric Trucks in $300 Million Deal
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Volvo Trucks’ Electric Range Named International Truck of the Year 2027
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How Republic Services Decides Where Its Next Electric Trucks Can Go
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EV Charging Use Is Outpacing Infrastructure Growth
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EV Realty Names Henrik Holland President as Charging Platform Expands
The former Prologis Mobility and Shell executive will help expand EV Realty’s truck charging business and move its power-first infrastructure model into autonomous vehicle depots and other fleet sectors.
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GreenPower Expands New Mexico EV Pilot With Larger Buses, V2G Testing
After logging more than 17,000 electric miles in the first year, New Mexico’s statewide pilot is moving into its second phase with larger vehicles, continued charging evaluations, and more.
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Can EV-as-a-Service Help Fleets Scale Electrification?
Sustainability Partners CEO Adam Cain explains how matching EVs, charging infrastructure, and duty cycles can help fleets scale electrification.
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