Business Why Aren’t Electric Vehicles More Popular in the US? Written by Oscar Collins January 2, 2023January 25, 2023 Saving Bookmark this article Bookmarked Electric Vehicles (EVs) are a sustainable option for transportation in America, but why are there so few on the highway? How long will it take for them to become prevalent? Key highlights of the current EV market: America sold 7 million EVs in 2021, but EVs are only 1% of all cars in the U.S. Domestic manufacturers like Chevrolet, Dodge, and Ford have unveiled plans for popular models to turn electric. Buyers are hesitant to buy EVs because of price, charging stations, and driving range. Some experts predict EV sales will outpace gas-powered vehicle sales by 2040. States like California, New York, and Washington have already set deadlines to ban the sale of gas cars by 2035. Dig deeper → 4 min
Business A Closer Look at Ford’s Big Bet on Electric Vehicles Written by Oscar Collins October 19, 2022January 25, 2023 Saving Bookmark this article Bookmarked Big picture: Ford has announced a $50 billion investment in EVs as these vehicles become more popular. Ford is trying to chase Tesla’s business model with lower overhead costs and higher profits.Ford will keep the Mustang’s ICE, but a hybrid or electric model could come by the decade’s end.ICE cars are here for now, but bodies like the EU are trying to phase them out.Sports car manufacturers are also making the transition to EVs. In reality: ICE cars are far more prevalent than EVs, but manufacturers feel pressure from investors to shift to EVs because of profits and climate change. The world has shifted gears toward greener initiatives in the past few years. People and companies have started to take climate change seriously as its effects start to show. Consumers want more sustainability, and one sector moving forward with greener products is the automotive industry. Manufacturers’ green goals, such as Ford’s investment in EVs, have made many people wonder what’s next for internal combustion engine (ICE) cars. Dig deeper → 3 min
