EV Industry Roundup: Sales Growing Slowly but Surely (.PDF Download)

July 24, 2023
Even as electric vehicle inventories increase, consumer interest in the zero-emission/no gas cars continues to grow.

As consumers gravitate toward electric vehicles (EVs) for their environmental benefits, lower operating costs, zero emissions and other positive features, the EV sector as a whole is evolving, maturing and growing. And while EV sales in 2023 are being impacted by lower consumer spending, recessionary fears and high interest rates, the EV sector’s potential continues to look bright as the related technology improves and as consumers make more environmentally-friendly choices.

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