Read previewWe're getting closer to a cure for range anxiety, so why don't more people want an EV?
This dip in demand is reflected in a stagnation in EV sales growth over the past year as companies adjust to a new crop of more practical green-car shoppers.
Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022.
Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices.
But EV shoppers have found a new cost to angst over.
Persons:
—, EY, Marc Coltelli, Kelley, EVs, it's, Power, Raman Ram
Organizations:
Service, Business, Power, Utilities, Industry, EV, Pew Research, Department of Energy, Americas Aerospace, Defense
Locations:
Americas