Tag

Mainstream Buyers

All articles tagged with #mainstream buyers

business-automotive2 years ago•3 min saved

"US Auto Sales Surge in Q1 Despite High Interest Rates, EV Growth Slows"

Despite high interest rates, US first-quarter auto sales grew nearly 5% to 3.8 million vehicles, with average sales prices declining and automaker discounts increasing. However, electric vehicle sales growth slowed to 2.7%, reflecting mainstream buyers' concerns about limited range and charging infrastructure. Automakers face more frugal buyers and a shift towards more affordable vehicles, with GM, Stellantis, Kia, and Tesla reporting declines while Toyota and Honda saw strong sales increases.

via The Associated Press|

#automakers #business-automotive #electric-vehicles

business2 years ago•9 min saved

"Unraveling the Mystery of Sluggish Electric Car Sales: A Deep Dive into EV Demand and Affordability"

Despite recent setbacks and a temporary slowdown in sales growth, the electric vehicle (EV) transition is still on track. Mainstream buyers are proving harder to win over than early adopters, with concerns about charging infrastructure and cost. Lowering prices to stimulate demand presents a challenge for automakers, as EVs are currently less profitable to produce than gas-powered cars. However, despite these obstacles, many automakers remain committed to ramping up electrification, with some, like Volvo, even accelerating their plans to phase out gas-powered cars entirely by 2030.

via NPR|

#automakers #business #electric-vehicles