"US Misses Out on Ultra-Affordable EVs, Leaving Consumers Disappointed"

1 min read
Source: Mint
"US Misses Out on Ultra-Affordable EVs, Leaving Consumers Disappointed"
Photo: Mint
TL;DR Summary

The global market for mini-mobility vehicles, including small electric cars and quadricycles, is rapidly growing due to falling costs and increasing power of electric motors and batteries. While these affordable and compact vehicles are gaining popularity in Europe and China, they are unlikely to make a significant impact in the US, where consumers prefer larger vehicles. The US market is dominated by SUVs, and the average dimensions and weight of vehicles continue to increase. The lack of infrastructure and wide American streets designed for cars contribute to the preference for larger vehicles. However, in places like Peachtree City, Georgia, where a network of paths accessible to golf carts exists, small electric vehicles are already a normal mode of transportation.

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