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EV Sales Are Stalling Because Buyers Still Think They Need 500 Miles

More Americans than ever say they want an electric vehicle. A recent JD Power survey found that 26 percent of car shoppers were “very likely” to consider buying one, a three-point jump from the month before. And yet EV sales in the US have plateaued. People want EVs, especially in the wake of rising gas prices, but they aren’t buying them. The gap between intent and action comes down to three things sitting in the buyer’s head: cost, charging, and range. At least two of those three are largely built on outdated assumptions, according to the experts at JD Power. The information exists, but it has not reached the showroom floor, where dealers have quietly pulled back on EV education since federal tax cre …


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Author: Simran Rastogi

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