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12/29/2023

Topic Reading-Vol.4266-12/29/2023

Dear MEL Topic Readers,
Why US drivers may be thinking about EVs all wrong
Electric vehicle sales surged nearly 50% in 2023 from the year before Of the 15.5 million new cars sold in the US, about one million, or 6.4%, were EVs. Compared with China or the EU, whose EV sales reached 25% and 22% of the new car sales respectively, EVs haven’t been sold so much in the US even though it is the home of the world EV leader, Tesla. Why American’s aren’t buying EVs compared with China or European countries? One reason is the type and size of the cars many Americans currently own and drive. In fact, half of the top ten best-selling vehicles in the US are large pickup trucks and SUVs. It’s part of their lifestyle. If you live in a large house in the countryside or suburban area, you want to have a large-screen TV and a large vehicle to match the size of the house and family. However, EVs aren’t suitable for large and heavy vehicles because of the battery size and weight, at least for now. Also, many American drivers expect their EVs to go 500 kilometers or longer per charge even though most drivers drive less than 20 or 30 kilometers a day. And then, concerns about public charging infrastructure. These barriers seem more common among baby boomers, who are now 56 or older and have been used to the bigger-the-better culture. However, those who have grown up with smartphones are used to small-size displays and living spaces. And they want to be connected and eco-friendly while driving like EVs. So, it is expected that things will gradually change as the profiles and preferences of car buyers shift to younger generations.
Read the article and learn about Americans’ expectations and preferences for their cars.

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