EV startups see disappointing sales amidst turbulent markets

NEW YORK CITY, New York: As potential customers are looking for deals or not making any purchases, US electric vehicle (EV) startups are seeing demand decline, with the quarterly reports of several companies showing falling interest for many newer products.

Lucid, Rivian and Nikola all blamed economic pressures, along with price cuts by industry giant Tesla and less expensive EV models from traditional automaker