Kelley Blue Book: 11 reasons why the road to EV ownership remains closed for most Americans

by | Jan 24, 2023 | Stock Market

Quick facts about roadblocks to EV sales:
Electric vehicle sales were 5.8% of the automotive market in 2022.

Consumers remain concerned about the limited range of EVs.

Freezing temperatures can reduce EV range by 32%

High prices and a lack of variety leave many consumers unenthusiastic.

Despite nonstop positive press, government subsidies, and Americans’ propensity for wanting and acquiring the newest “big thing,” electric vehicles remain out of reach or unwanted by many in the United States. EVs are those cars, SUVs, and light trucks powered solely by electricity from a battery charged by plugging into an outside source. You will also sometimes see them called battery electric vehicles (BEVs).

Learn more: What is EV, BEV, HEV, PHEV? Here’s your guide to types of electric cars According to the latest numbers, 5.8% of all U.S. new vehicle sales in 2022 were EVs, up from 3.2% in 2021. The number will grow even more in 2023, but why is the proportion of electric vehicles not higher? With the hundreds of millions of dollars invested in EV marketing and incentives, how is it that EVs simply don’t have universal appeal? What roadblocks to EV ownership prevent electric cars from being in every driveway?What are the roadblocks? Here at Kelley Blue Book, we spend a lot of time behind the wheel of EVs, driving them in r …

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