A bust to the EV growth projections may be in the making
By Ronald Stein |May 21st, 2021|Energy|16 Comments
With a simple stroke of the pen, Governor Newsom believes he has the power to change the lifestyles of all California residents, and control the supply-demand balance for societies and the economy’s transportation needs.
Since half the electronic vehicles (EVs) in the entire country are registered in California, the troubling news is that there may be warning signs about a bust to the EV growth bubble, as the statistics from California demonstrate that:
The highly educated and financially well-off are currently the primary owners of EVs.
EV usage being slightly more than 5000 miles a year is a reflection that the EV is a second vehicle and not the family workhorse vehicle.
The growing percentage of EV owners who are switching back to gasoline cars is a message that may deflate EV growth projections.
The larger and heavier gasoline driven SUVs are currently half of the new car sales.
https://www.cfact.org/2021/05/21/schumer-force-feeding-electric-cars-2/?utm_source=rss&utm_medium=rss&utm_campaign=schumer-force-feeding-electric-cars-2
