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Michael Barone, a Fox News contributor and climate change skeptic, weaves a tale of a faltering electric vehicle market.
His opinion article in The Maui News March 26 should be contrasted with the data found here from Statistica.com:
The electric vehicles market in the United States is projected to reach a revenue of $82.8 billion in 2024.
It is expected to show an annual growth rate 2024-2028) of 18.2 percent, resulting in a projected market volume of $161.6 billion by 2028.
The unit sales of electric vehicles in the U.S. are expected to reach 2.46 million vehicles in 2028.
The volume-weighted average price of electric vehicles in the U.S. in 2024 is expected to be $65,000.
From an international perspective, it is shown that in China is expected to generate the most revenue in the electric vehicles market, with $319,000 million in 2024.
The U.S. is experiencing a surge in the demand for electric vehicles, driven by government incentives and increasing environmental consciousness among consumers.
Patricia B. Cadiz
Paia