Cox Automotive data shows EV sales rose in December, while new- and used-EV prices held steady.
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November EV data shows sales falling to multi-year lows as inventory builds and pricing softens following the expiration of federal tax credits.
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With the expiration of federal incentives, EV success now hinges less on government policy and more on discounts, battery tech progress, increased range, and broader infrastructure.
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Analysis/Commentary: Billions have already been deployed toward EV manufacturing, and the industry cannot walk away from it, but we need to find a way to do this profitably.
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Market Snapshot: Who are EV buyers, what EV models are they purchasing, and where’s all the selling action?
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Except for charging infrastructure, the variables for planning fleet electrification span duty cycles, use cases, geography, reliability, fleet size, and availability.
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A maze of unknowns when it comes to the transition away from ICE vehicles calls for soul-searching, careful planning.
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A number of factors could be making hybrids more popular, including higher prices of EVs, range anxiety fears, and limited charging infrastructure.
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EV sales jumped by 68% year over year in Q, and for the first time, EV sales in the U.S. nearly equaled hybrid sales.
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Electric vehicles and hybrids are becoming a coveted commodity as consumers turn practical about operating costs.
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