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Global Demand for EVs Accelerates

The Detroit Bureau

U.S. Department of Transportation Sec. Elaine Chao derided EVs as “cars that American consumers do not want to buy or drive.”

True, all forms of electrified vehicles – from conventional hybrids up to pure battery-electric models – account for barely 5% of the U.S. market, but those numbers have been surging. Demand for plug-based models alone rose 5%, to 200,194, during the first eight months of this year, despite the overall downturn in the American market.

According to industry data, global demand is accelerating at a far more rapid pace and, in several markets, EVs are beginning to dominate conventionally powered vehicles.

Read the article at The Detroit Bureau

 

The post Global Demand for EVs Accelerates appeared first on Fleet Management Weekly.


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