Electric Vehicle Sales Soaring in US as Affordable, High-Tech Models Draw Mainstream Buyers
-
Electric vehicle (EV) sales in the US are booming, with over 1.4 million expected to be sold in 2023. Many new EV models have been released.
-
EVs are now mainstream and affordable, not just for the wealthy. The technology has improved dramatically in recent years.
-
EVs are more like computers than traditional cars. Their software can be updated over the air to add new features.
-
The transition is forcing automakers to become more like tech companies, hiring software engineers and building EV components like batteries.
-
While the EV transition is happening now, gas cars still greatly outnumber EVs. Full adoption will take time due to long auto lifetimes and challenges like lack of charging infrastructure.