Michael Zuccato’s Post

For years, auto industry observers and policymakers have insisted that it’s a matter of when — not if — the automotive sector begins a wholesale shift from the internal combustion engine to the electric battery — only for electric vehicles (EVs) to remain a fraction of the new car market. But that day might finally soon be upon us, according to a newly released analysis. Last year, sales of new electric vehicles in the U.S. skyrocketed by nearly two-thirds compared to 2021, but a decline in the overall number of new cars sold helped the American car market reach what could be a far more important metric: EV sales surpassed 5% of total vehicle sales. #evehicles #automotiveindustry #thomasforindustry

AutoTrader’s latest study reveals a surprising trend - Canadian car buyers are pumping the brakes on electric vehicles (EVs). While interest in hybrids is rising, concerns over EV costs and infrastructure persist. Click below to dive into our findings and uncover the various dynamics driving the hesitancy to make the switch to electric: https://lnkd.in/gPGkreZW #electricvehicles #automotiveindustrynews #consumerresearch

2024 Auto Industry Trends: What’s Coming Next Approaching 2024, the industry deals with challenges like the rise in electric vehicle sales, inflation, labor strikes, and parts shortages. Read More:- https://cutt.ly/owJwAsNM #AutoIndustry2024 #EVRevolution #ConnectedVehicles #AutoInnovation #VehicleExperience #MarketDynamics #AdaptiveIndustry #AdaptiveTech #AdaptiveMarket #VehicleProtection #ElectricWave

Is the electric vehicles (EV) bubble about to burst? Although unlikely, consumer appetite for EVs is less robust than perhaps many would hope for. Our EV expert in Europe, Mark Carpenter, explores why and what EV manufacturers and others need to do to change this in this new Automotive World op-ed: https://hubs.li/Q02sRw4z0 #electricvehicles #insights

Time to check in on EVs. So far, sales are surging, discussions are heating up, and supply-demand dynamics are evolving. Join us to explore the latest trends in electric vehicles and how they're shaping the future of the automotive industry. #EVs #AutomotiveIndustry #FutureOfMobility

New Post: Electric Vehicle Charging Can Be Confusing. Here’s What to Know. - https://lnkd.in/d7fWk_2u a push from Congress, automakers and charging companies are planning to install tens of thousands of fast chargers on American highways capable of refueling electric cars in half an hour or less. That’s good news for anyone who owns an electric car or is thinking about buying one. But - … -scienceandtechnology.co.in

As the automotive world shifts toward electric vehicles (EVs), one question keeps coming up: Are EVs more expensive or actually cheaper in the long run? The answer? It depends on where you live and what you buy. While EVs often come with a higher sticker price, their cost of ownership over five years is lower in most states. But despite these savings, many customers hesitate due to upfront costs and a lack of information on long-term benefits. #EV #Sustainability #AutomotiveIndustry #FutureOfMobility https://lnkd.in/eyehtMk9

Recently, I shared my insights with The New York Times Neal Boudette on the automotive industry's pivot back to internal combustion engines. The article highlights how car manufacturers are reassessing their electric vehicle investments due to slower-than-expected growth in sales. This shift aligns with our findings in AlixPartners' 2024 International EV Survey and 2024 Global Automotive Outlook. https://lnkd.in/g-kjdwVc https://lnkd.in/ghEr8w7E https://lnkd.in/gvQMKACX #automotive #electricvehicles #industryinsights #AlixPartnersResearch

With the Cybertruck to be added to the mix tomorrow, it feels like the wild west of EVs. Check out this Consumer Reports finding on EV reliability. "EVs had 79% more problems than gasoline vehicles, according to Consumer Reports' 2023 auto reliability survey. Hybrids scored best, with 26% fewer problems than gasoline-powered vehicles." #ThingsThatMakeYouGoHmmm #ev #automotive #reliability #consumerreports https://lnkd.in/diqnfRh2