In 2023, there was a deceleration in the trading of electric vehicles in the United States, casting doubt on the attainability of the Biden administration’s 2030 targets for electric automobile transactions. A variety of obstacles to this drive for electrification have arisen, including issues with the pricing of electric vehicle models and the inadequacy of appropriate charging infrastructure. Ryan Robinson, who leads Deloitte’s Automotive Research, is partnering with Yahoo Finance to provide perspectives on the uptake of electric vehicles in the US and the future trajectory of the market amidst persistent hurdles.
“In our research, we inquired with consumers about the anticipated expenditure on their forthcoming automobile purchase. The overall market value and roughly 80% of consumers indicated that they anticipate spending under $50,000 for their next vehicle. When you delve into what truly matters to consumers and where their priorities lie, it comes down to the monthly payment,” expressed Robinson. For further specialized opinions and the most recent market movements, you can view the complete episode of Yahoo Finance Live by clicking here.
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