Recent coverage of increasing EV inventories is missing the point, J.D. Power argues in a new report. EVs accounted for 8.2% of new-vehicle sales in the U.S. through October 2023, up from just 2.6% in 2020. But much recent discussion has focused on the increasing number of EVs on dealer lots, which is taken as an indication that EV demand is... Analysis: EV interest is strong, but there’s a “missing mass market”
Recent coverage of increasing EV inventories is missing the point, J.D. Power argues in a new report. EVs accounted for 8.2% of new-vehicle sales in the U.S. through October 2023, up from just 2.6% in 2020. But much recent discussion has focused on the increasing number of EVs on dealer lots, which is taken as an indication that EV demand is...