How the US got left behind in the global electric car race

You could be forgiven for thinking that electric cars might finally be gaining momentum in the US.

After all, sales of battery cars topped 1.2 million last year, more than five times the number just four years earlier. Hybrid sales have jumped by a factor of three.

Battery-powered cars accounted for 10% of overall sales in August - a new high, according to S&P Global Mobility.

And in updates to investors this week, General Motors, Ford, Tesla and other companies all reported record electric sales over the past three months.

This marked a bright spot in an industry wrestling with the fallout from still high interest rates and buyers on edge over inflation, tariffs and the wider economy.