NEW YORK: Rising gas prices, greater competition in the electric vehicle market and improving technology are driving the demand for battery-powered cars in the United States.
Mr Garrett Nelson, senior equity analyst at CFRA Research, said: “Charging times are improving, EV battery ranges are increasing. So it’s a very fluid situation but there’s been a lot of innovation, which is helping the EV market overall in really getting consumers more comfortable with the idea of buying an EV.”Tesla remains in pole position in the US market, accounting for more than 60 per cent of the country’s EV sales in the third quarter.
“You don’t have to look at the gas price every day,” said Ms Van Anh Nguyen, chief executive officer of VinFast Manufacturing US. “Charging an EV at night, the electricity rate at night is usually the best, so it’s very reasonable and cheap to run an EV.”California, for instance, has voted to ban the sale of gas-powered vehicles by 2035, while New York wants only zero-emission vehicles to be sold in the state by then.Efforts are underway to build up the infrastructure needed to support EVs.
This must be why $tsla drop 10% yesterday
Filled up at $2.59 gallon. Falling prices.
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