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Even prior to the heavy selling that pressured stocks lower across the globe in recent sessions, the electric vehicle (EV) industry was facing particularly stiff headwinds. High interest rates and stubborn inflation made for a tough environment for high-ticket discretionary items like EVs, and the result was an all-out price war that pressured margins industry-wide. While some smaller startups have folded entirely, even the sector’s finest – from Tesla (TSLA) to Byd Company (BYDDY) \- have undergone major corrections. Even as inflation cools and a rate cut seems imminent, EV front-runners cont…

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