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What's Holding Back America's Move to Electric Cars?
"Let's get one thing out of the way," writes the Verge's transportation editor. Contrary to what you may have heard about U.S. sales of electric vehicles — sales are up. [Consumer insights company] JD Power is projecting that 1.2 million EVs will be sold in the US by the end of 2024, an incr...
New research out of George Washington University finds that older EVs depreciate in value faster than conventional gas cars. The upside is that newer models with longer driving ranges are holding their value better and approaching the retention rates of many gas cars. But JD Power is optimistic about where that's heading, especially as public satisfaction is growing in both Level 2 and DC fast charging over two consecutive quarters.
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