EV Sales 58% Of US By 2035

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Industry research leader JDPower reports that EV sales will be slow this year. They will be 9% of total car sales in 2024, compared to a previous forecast of 12%. However, the research shows they will be 58% of sales in 2035. The reasoning behind the forecast may be wrong.

Sales Rate Will Rise

“The current rate of slower-than-expected sales volume is being driven by a combination of relatively near-term variables that will fade as EV adoption continues to reach critical mass,” J.D. Power said. That assumes consumers get beyond the challenges of ranges of EVs that average about 300 miles compared to 600 miles for gas-powered cars. There is also a worry about charging stations and prices for new EVs. EV buyers are often not told they will wear their tires down at double the rate of gas-powered cars and that their vehicles will not take a complete charge in cold weather.

Cold Weather

The catalyst for slow sales comes in two forms. The first is that the number of charging stations in the US would probably have to hit 100,000. They would also have to have enough charging ports so that people do not have to sit in long lines and stay in good repair.

The other market change would need to be cheaper cars. Either companies like Tesla and Ford would need to develop vehicles with prices under $25,000, or tariffs would need to be dropped so that inexpensive EVs could be imported from China. These could cost as low as $17,000.

That is a long list