The Top 5 Reasons For The Growth Of Electric Vehicle Sales




 

As electric
vehicle demand
rises, automakers are struggling to keep up.

Consumers
are learning about electric vehicles and their benefits, leading to more
manufacturers offering EVs, allowing consumers to have more options. But there
are many other reasons behind the ongoing uptick in electric vehicle
sales. 

 Electric vehicle trends
2022

1.     Spiking Gas Prices

Electric vehicles
provide independence from gasoline. Additionally, it eliminates the need for
frequent gas stops. Electric vehicles have become increasingly
convenient, allowing owners to charge while sleeping, and then start their day
the next day.

Gas station-free driving
is a true luxury. It is extremely difficult to predict when gasoline prices
will return to normal and when these spikes will occur. The environmental
impact of constant gas station refilling is one of the major advantages of
electric vehicles.

2.     2. EVs Are Becoming More
Affordable

New car buyers are
gradually becoming more able to afford EVs. Now, Tesla offers the Model 3,
which isn’t “cheap” but offers a lot more flexibility than the Model
S or Model X. Electric vehicles were once prohibitively expensive, like Tesla’s
Model S or Model X.

Hyundai also offers the
Kona EV, which starts at $34,000, making EVs even more affordable for those who
want to take part in the green revolution. Nissan Leaf (which has been around
for a while but has a decent range now) tops the list at $27,800. Consumers are
starting to notice, and EV sales are increasing accordingly.

3.     3. Government Incentives

Additionally, the
government is helping to attract new customers to the electric vehicle
industry. New electric vehicle buyers may qualify for a federal tax credit of
up to $7,500, which is a great incentive that helps lower the cost of electric
vehicles.

Some manufacturers, like
Tesla and GM, have long run out of eligibility for the federal tax credit. To
qualify for the tax credit, they had to sell more than 200,000 vehicles.
Fortunately, most EV manufacturers qualify for the full tax credit, which means
you can expect to save $7,500 off your next EV.

4.     4. More EV Choices, More EV
Manufacturers

For some strange reason,
people tend to think of Tesla or Toyota Prius when discussing EV
market growth
. Despite Tesla’s success in selling EVs, their vehicles
are out of reach for many people.

Fortunately, so many
automakers are entering the EV party, and the choices seem endless. Many car
manufacturers are currently offering EVs, and they are instantly recognizable.
Several great EVs are already on the market, including VW’s fully electric ID.4
and those from Hyundai, Kia, and Mini.

EV buyers can now choose
their cars based on their liking, rather than just buying them. Due to a lack
of choice, people who need a truck like a pickup cannot buy an EV.

5.     5. Charging stations and
increased EV range

Initially, electric
vehicles received criticism for their small range, compared to gasoline
vehicles. The impressive battery range of EVs makes them ideal for daily
driving. Lucid’s EVs have a 500+ mile range, which is fantastic and exceeds the
Model S’s.

EVs of all prices have
improved their range over the years thanks to battery technology advances. With
Nissan Leafs, you can now get more than 200 miles of range, which is enough for
most commuters without the need to recharge during the day. In addition,
charging stations are popping up all over the country. ChargePoint and
Electrify America also contribute to robust EV charging infrastructure in the
U.S., but Tesla’s Supercharger network led the way.

6. We are just at the beginning of EV adoption

This is just the
beginning. The current EV sales trend is merely an indication of things to
come. As soon as the US begins to sell all new vehicles as EVs, other countries
like Norway will follow suit even faster. We must also continue to push for a
renewable-energy-powered electric grid so that buying an EV is a responsible
choice.

 


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