Anticipating the Surge: Projections on a Second Wave of EV Shoppers
Tuesday, 14 May 2024, 17:49
Anticipating the Surge: Projections on a Second Wave of EV Shoppers
Cox Automotive anticipates a significant surge in EV shoppers in the coming years, with expectations of peak demand by the second half of the decade. However, the current market faces challenges in meeting existing demand, highlighting potential hurdles that need to be addressed.
Challenges in the Present Market
- Current demand levels are struggling to match projections for future growth.
- Supply chain disruptions and manufacturing delays are impeding the industry's capacity.
In conclusion, while the future holds promise for the EV market with an anticipated surge in shoppers, the industry must address immediate demand challenges to ensure sustained growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.