# The Great EV Slowdown

By [freedom](https://paragraph.com/@freedom) · 2025-05-06

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Electric vehicle sales growth dropped from **60% (2022) to 25% (2024)** due to:

*   **Charging "deserts"** in rural/urban areas
    
*   **High insurance costs** (30% more than gas cars)
    
*   **Lithium price volatility** causing MSRP swings
    

**Adaptations emerging:**

*   **Toyota’s hydrogen combustion engines**
    
*   **"Battery-as-a-service" subscriptions** (NIO’s model)
    
*   **Ultra-fast charging** (10-minute 80% charge)
    

The transition continues, but automakers are **pivoting to hybrids** as a bridge technology.

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*Originally published on [freedom](https://paragraph.com/@freedom/the-great-ev-slowdown)*