A record 17.5 million cars sold in the U.S. in 2016, according to forecasting firm GlobalData. High prices are keeping customers away or sending them to used markets, said GlobalData's Global Vice President of Automotive Research Jeff Schuster. "We have all these plants that are ready to build 200,000 or 300,000 electric vehicles and nobody to buy them. For more than a century, nearly all cars ran on gasoline. Automakers were hoping for a clean jump to a world where all cars ran on batteries.

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Persons: hasn't, Automotive Research Jeff Schuster, Sam Fiorani, I've, Michael Robinet Organizations: Global, Automotive Research, AutoForecast Solutions, P Global Mobility Locations: United States, U.S