World is going through groundbreaking changes in the mobility sector. Recent innovation and discovery in the transportation sector for electrification of all shorts of transports is one of them. And the role played by the automakers and government to increase the base of EVs are crucial.
Recent Data from the Atlas Public Policy shows the unprecedented growth in the sales of Electric Vehicles in the U.S. That shows the nation’s commitment towards the sustainable future of transportation.
Data shows that, this year Electric Vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. That will be up from 7.3% of new car sales in 2022. Though it is significant progress but still lagging behind from the other nations like China, Norway and Germany.
Several factors that boost the Electric Vehicle adoption in the U.S. are affordable pricing due to government tax credits scheme, multiple brand options and consumer centric development of the market.
Even after facing the steady growth in the Electric Vehicle adoption there must be concern needed to be addressed by the auto industry. General hurdles faced by the consumers are affordability and accessibility. A larger blanket that had the EV fall in the high income group with all sets of technology.
But for many consumers, reaching out to public charging infrastructure is cost effective and unreliable, and makes them more drawn to other sorts of vehicle, according to BloombergNEF. Also the lack of maintenance and other tech related education is a key concern for the automakers.
The Future of the mobility market depends on the key market player. While California and Washington have committed to make their new vehicles sales 100% zero-emission by 2035, there is also a need to encourage the consumer to buy their new car with electricity.
