While it is true EV sales are down 15% year-to-date, according to the most recent analysis from the Valuation Services group at J.D. Power, the category actually outperformed internal combustion engine sales, which suffered a 23% decline so far this year.
This positive eight-percent difference points to a few key trends that are lifting the prospects of EVs over the mid-to-long-term horizons.
Taken together, the emergence of high-quality EV offerings from a variety of new players is combining with maturing infrastructure, rising consumer confidence and compelling tax incentives to lay the foundation for a very interesting 2021.
Read the article at Inside EVs.
