Market for electric vehicles not meeting Biden expectations
Epoch Times:
Strong Demand for Gas Vehicles Drives Detroit Production Plans, Clouds Biden’s 2030 Goal for EVs
Automakers in North America plan to build more pickup trucks and sport utility vehicles than electric vehicles well into the late 2020s, with strong consumer demand for gasoline-powered vehicles charting sales trends that run counter to the Biden administration’s goal of boosting electric vehicles (EVs) to half the market by 2030, according to internal production forecasts reported on by Reuters.
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That objective would mean boosting annual North American output of electric and plug-in hybrid electric vehicles to 7 million vehicles or more. But the entire industry is currently planning to build just 2.6 million battery electric vehicles and another 585,000 plug-in hybrid electric vehicles (PHEV) in 2028, according to AutoForecast Solutions (AFS), which compiles industry production estimates.
Sam Fiorani, head of AFS global vehicle forecasting, told Reuters that weak consumer demand is a stumbling block on the road to the Biden administration’s electric vehicle production objectives.
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The problem is that the grid that Biden envisions will not support more electric vehicles as California has already found telling EV owners not to charge their vehicles because there is not enough electricity to charge them with their wind and solar energy production. There are also other limitations to fueling EVs.
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