EV Sales Slowing. No Need For Panic, Insiders Tell ABC – RVBusiness – Breaking RV Industry News
The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are souring on the technology, according to a report by ABC news.
Experts say, however, that 2024 may be the year to finally pull the plug on gasoline-powered cars and trucks.
“Five years ago we did not have the array of EVs we have now. They account for 10% of the market,” John Voelcker, a contributing editor at Car and Driver, told ABC News. “The growth rate may flatten … but the cost of EVs will continue to come down.”
Price slashing by Tesla and its rivals has definitely juiced sales of battery-powered vehicles. In November, dealers increased the discounts on EVs, with the average transaction price (ATP) dropping 8.9%, according to Cox Automotive. EV incentives totaled less than 2% of ATP a year ago.
New models like the Kia EV9, Chevy Blazer EV and Volvo EX30 could also help convince Americans to permanently ditch their V6 and V8 engines.
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