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Mass EV adoption slows amid headwinds 

Auto Finance Summit East 2024 

Ash Savage

Social impact, lack of dealer support and struggling business models are hindering mass EV adoption while EV manufacturers Rivian and Lucid’s’ first-quarter earnings highlight slowing EV production and mixed delivery results.  Auto industry players must consider the shift to electrification in a “longer, broader cycle,” Bruce Newmark, president and chief executive of Fimanco, said during […]

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