Electric vehicle demand falls short of manufacturer and dealership expectations

Electric vehicle sales this year are not meeting President Biden’s expectations. Manufacturers are slowing production and readjusting their targets.

Now several companies are readjusting their targets and slowing production, even with the rise in vehicles on the road. Bret Baier is the Chief Political Anchor of Fox News Channel, and the Anchor and Executive Editor of "Special Report with Bret Baier." He is the author of five presidential biographies. His fifth biography, "To Rescue the Constitution: George Washington and the Fragile American Experiment" is out October 10, 2023. 

"It has a lot to do with electric vehicles, adoption and the segments of the adoption," said Kevin Book, managing director of Clearview Energy Partners.