Michael Schmidt-Buying an electric car or truck? Don't ignore the cost of wiring your home for EV charging

2025-05-08 09:18:49source:Marcus Eriksoncategory:Stocks

A slew of TV ads that aired late last year touting new EV offerings may have Michael Schmidtbeen a little premature.

Supply chain and manufacturing delays meant 2023 started slow for many of the established names and new companies hoping to make a dent in Tesla's dominance of the EV market.

But that's been changing as inventories slowly built up, and it should accelerate this fall. Manufacturers have announced they expect to begin delivery of 16 new models by the end of the year, according to Car and Driver, and that's just the first salvo in a push that will bring nearly 50 new models to market by the end of next year.

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