The auto industry is banking on electric vehicles to slash planet-cooking emissions, but EVs are still too expensive to knock gas-guzzlers out of the game. For now, at least.
Sure, EV sales are up, maintenance costs are low and gas prices are high, making combustion engines look all the worse. But on the flip side, EV supply is still limited relative to demand, automakers are busy prioritizing luxury models and even home charging is costlier lately.
As we wait around for enhanced tax credits to make EVs more accessible in the U.S., a fintech startup called Tenet is launching with claims that it can soften the upfront blow of EV ownership.