The Race for America's EV Market and How to Profit

By Jason Simpkins / August 04, 2023 / www.outsiderclub.com / Article Link

Sales of electric vehicles have been sluggish this summer, but car companies see the writing on the wall.

They are the future.

In fact, the latest Ernst & Young Mobility Consumer Index (MCI) a global survey of more than 15,000 consumers from 20 countries showed that U.S. consumer interest in EVs is at an all-time high.

Roughly half (48%) of U.S. car buyers intend to purchase a hybrid or fully electric vehicle in the next 24 months a 19% increase from the 2022 MCI data.

And interestingly enough, the number of car buyers interested in a fully electric vehicle are responsible for most of that increase as the favorability on that metric jumped from 7% to 22% a threefold increase.

Furthermore, people who already own electric vehicles seem rather happy with them.

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