The electric vehicle (EV) market has seen better days in 2024. The U.S. Federal Reserve’s decision to begin raising rates in the first half of 2022 has ultimately resulted in the highest federal funds rate in more than two decades. This has a lot of implications for the EV space and the EV stocks that Wall Street still loves. New-car buyers will find it difficult to purchase new vehicles due to more expensive car loans as well as car insurance. Moreover, if interest rates remain elevated, which is likely th ...