California wants to deal with the 'valley of death' for electric cars (TSLA)

Flickr/George Rex On balance, electric cars have been a miserable market failure, despite the massive amounts of hype directed at them. Consumers have been able to purchase a wide range of EVs for a decade, and yet the vehicles make up only about 1% of global sales. Even that number could erode as federal tax breaks for new EV purchases expire. Buyers can currently claim up to $7,500 per vehicle, but once a carmaker crosses a certain salesthreshold (200,000 cars), the incentive goes away. Tesla,...