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Which Way is the EV Market Headed? And Does the US Lag the World?
Wednesday the annual electric vehicle outlook report was released by market researcher BloombergNEF. And the analyst wrote that "Our long-term outlook for EVs remains bright," according to the Los Angeles Times: In 2023, EVs made up 18% of global passenger-vehicle sales. By 2030, according to the ...
Today, "China, India and France are still showing signs of healthy growth, but the latest data from Germany, Italy and the U.S. is more concerning," BloombergNEF said. Whatever the geography, consumer concerns about price, driving range, battery lifespan, and unreliable public charging continue to dampen many buyers' enthusiasm for EVs. But EV prices are coming down, range is improving, and large numbers of public chargers are being installed, all of which could revive sales growth.
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