The electric vehicle revolution is encountering significant hurdles as consumers grapple with high costs, infrastructure challenges, and geopolitical tensions, potentially slowing the transition from traditional gas-powered cars, according to a report by Fast Company.the automotive industry has undergone a significant transformation with the push towards electric vehicles in recent years.
Infrastructure challenges also continue to plague the EV industry. According to recent research by Harvard Business School, one in five charging points across the United States are non-functional. This lack of reliable charging infrastructure contributes to “range anxiety” among potential EV adopters, who worry about being stranded with a depleted battery. Loren McDonald of industry analysts EVAdoption projects that the U.S. will need approximately 2.
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