Posted 3/21/2024, 12:13:41 PM
EV Momentum Stalls as Market Reaches Difficult Transition from Early Adopters to Mainstream Buyers
- EV market growth has stalled despite previous momentum and optimism
- Reason Market has reached difficult point moving from early adopters to mainstream
- Automakers & policymakers must now appeal to broader interests and concerns
- May need to offer more hybrids and plug-ins as bridge to all-electric future
- Catering to wider market with different priorities key to boosting EV sales