Fundamental, Research, Video

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

Garrett Nelson, Vice President, Equity Research
12 February 2024

Summary

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.


Want to learn more? Download the Reports.

Solutions

Fundamental Equity Research
Gain a comprehensive view of global themes, industries, and companies.

Related Insights

Consumer Staples: Risks From Anti-Obesity Medications Likely Overblown

Consumer Staples: Risks From Anti-Obesity Medications Likely Overblown

Anti-obesity medications (AOMs), including glucagon-like peptide-1 (GLP-1) agonists...
Read more