The US EV Market May Be a Short Term Bubble

The EV market in the US is driven by a small number of super users who see EVs as a status symbol. However, this market is dependent on a relatively small number of people buying expensive EVs. If there is a downturn, especially in the tech sector and cryptocurrency, which many people use as play money, the EV market could collapse. The current EV market in the US is not experiencing broad adoption and cannot be considered as mass adoption. Therefore, it is possible that the US EV market is a short term bubble.