Following the expiration of federal tax credits on September 30, Tom Kondrat, Global Lead, Advanced Analytics at Urban Science, had a conversation with Wards Auto to explore why, despite the elimination of these tax credits, EV demand isn’t expected to collapse.
Throughout this article, Tom analyzes the current trajectory for EV demand, highlighting increased BEV familiarity, a higher quantity of market entries at lower price points and enhancements to public charging infrastructure as early signs of stability.