Autos: Why Aren’t U.S. Consumers Sold on EVs?

In 2023, sales of electric vehicles (EVs) in the US increased by 46%, and their market share rose from 5.9% to 7.6%. However, despite this growth, the adoption rate of EVs in the US is still lower than in many other countries. In this recording, CFRA Vice President of Equity Research Garrett Nelson discusses why US consumers are hesitant to buy EVs, the challenges that auto manufacturers face, and the key players in the EV market who stand to benefit or lose.