Automotive Fleet
MenuMENU
SearchSEARCH

Electric Vehicles Hit the Growing Pains Stage

This roundup of recent electric vehicle industry headlines rounds out current perspectives on electric vehicle adoptions.

Electric Vehicles Hit the Growing Pains Stage

Among the members of the EV hot startup club, Canoo, maker of an electric pickup truck, has seen its stock plummet by 96% in less than three years, similar to the declining fortunes of other non-major EV manufacturers. If you had invested $1,000 when Canoo completed its special purpose acquisition company (SPAC) merger in late 2020, you would now have a bit less than $40.

Photo: Canoo

2 min to read


While fleets run on different routes and schedules than consumers, they face many of the same challenges and hurdles when considering electric vehicles.

Recent developments in the electric vehicle world point to growing concerns and skepticism among prospective EV buyers, as the initial burst of rosy outlooks and idealistic green visions yield to the facts on the ground. Here's a recent roundup of the emerging EV hesitation:

Ad Loading...

Electric Vehicle Stocks Tanking

2022 was a dismal year for much of the market, and electrical vehicle (EV) stocks didn't escape the pain. Valuations compressed across the sector as interest rates rose and fears of a recession increased. Manufacturers also faced several sector-specific headwinds, including rising lithium prices, supply constraints, and competition from legacy automakers.

EV stocks got crushed across the board last year. Though investors hope the sector will experience a comeback in 2023, that seems unlikely to materialize this year.

Find out more in this article from The Motley Fool

Why are More Americans Avoiding EVs?

Meanwhile, Americans are getting more divided on electric vehicles. While EVs gain market share, an increasing number of motorists say don't want one as their next car. The reasons include: Long charging times, lack of charging stations, and high pricing.

More reasons from Business Insider

Ad Loading...

Electric Vehicles Hitting a Brick Wall

Those sentiments came out of a J.D. Power study, called the E-Vision Intelligence Report report released May 1, that finds market share for EVs declined in the first care, characterizing it as a "brick wall" instead of a "speed bump." The percentage of those consumers saying they're “very likely” to consider an EV has stagnated at around 27% for the last few months.

More stats and details on study in this Forbes report

Lordstown Motors Skidding Out?

And in another ominous sign, Lordstown Motors has warned it could soon file for bankruptcy. The much-hyped manufacturer was favored in 2020 by President Donald Trump, but then went on a journey of "manufacturing mishaps" and miscalculations that have sunk its share price from $26 to 40 cents.

More about the Lordstown flameout in the Wall Street Journal

Ditching the EV Over a Charging Drought?

Finally, a columnist for the Los Angeles Times, and an admitted EV owner and enthusiast, recently penned a lament about the frustrations and inconveniences of her electric vehicle. She's thinking of trading it back in for a gas-powered hybrid plug-in.

Ad Loading...

Originally posted on Charged Fleet

More Green Fleet

a GM Energy Pass charging station
Green Fleetby News/Media ReleaseJuly 29, 2026

ChargePoint Now Available in Energy Pass

ChargePoint and additional planned charging network integrations were added to GM's Energy Pass.

Read More →
Cover of the "Top 50 Green Fleets" report presented by Automotive Fleet and Inspiration Fleet, featuring an aerial nighttime photo of a lit highway interchange with looping ramps.
SponsoredJuly 16, 2026

The Top 50 Green Fleets

The List Is in: The Top 50 Green Fleets

Read More →
Ad Loading...
a Slate EV preview thumnbail
Green Fleetby Chris BrownJuly 14, 2026

First Look: Slate Auto's Electric Fleet Pickup

Could an affordable, modular EV pickup make electrification more practical for fleets?

Read More →
Yellow Slate pickup truck on a platform.
Green Fleetby Martin RomjueJune 26, 2026

Slate Debuts Colorful, Unique EV Models

A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.

Read More →
Yellow Slate Fastback on a raised platform in a warehouse.
Green Fleetby Martin RomjueJune 25, 2026

Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets

Everything about this EV is counterintuitive and understated, making it stand out from the crowd.

Read More →
Ad Loading...
Rendering of electric vehicles charging beneath a solar-panel canopy, illustrating Inspiration Mobility Group’s acquisition of Electrada assets to expand commercial fleet electrification services.
Green Fleetby News/Media ReleaseJune 17, 2026

Inspiration Mobility Acquires Key Electrada Assets

Inspiration Mobility Group has acquired select assets of Electrada, adding the fleet electrification provider's team, technology, and charging infrastructure development capabilities to its energy management business.

Read More →
wheel geotab image
SponsoredJune 1, 2026

Turning Connected Vehicle Data Into Decisions That Matter

Fleet leaders have more data than ever, but turning that data into clear, actionable decisions remains a challenge. This white paper shows how leading organizations are using connected vehicle data to improve safety, reduce costs, and optimize fleet performance. Learn how to turn insight into action across your fleet.

Read More →
fleetio coast pay
SponsoredMay 29, 2026

Are You Tracking Your Fleet's True Total Cost of Ownership?

Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.

Read More →
Ad Loading...
SponsoredMay 15, 2026

Hybrids: Electrification Without the Challenges

For fleet managers, fuel is one of the biggest line items in the budget — and it's one hybrids can shrink without changing how your people work. Download the eBook to see the numbers, understand the technology, and get a step-by-step guide to making the switch.

Read More →