Why Is North America in the Slow Lane When It Comes to EV Adoption?

ARC ENERGY IDEAS

So far this year, electric vehicle (EV) sales have been less than expected in the United States and Europe, but growth remains strong in China. Why is EV adoption slowing in North America, and what is different in China?

We examine the latest sales numbers and the factors that could be contributing to slower growth in North America. Factors include a lack of charging infrastructure, the high cost of fast charging, high depreciation, and a current shortage of plug-in hybrid options. EV competitiveness with gasoline cars, especially in the compact car segments, remains an issue.

To help us with the conversation, our guest this week is Lawrence Romanosky, a Calgary-based 'car guy' with 20 years of experience as a luxury car sales manager. Lawrence was responsible for the first rollout of the Porsche Taycan all-electric car at the dealership in Calgary in 2019. Check out his auto blog and website here.

Content referenced in this podcast:

• LUGNUTZ self-service facility for automotive enthusiasts
• Wall Street Journal “What Scared Ford’s CEO in China,” Sept 14, 2024
• Article from Spectrum News on a study from iSeeCars.com “EVs depreciate more than any other vehicle type, study says,” November 2023
• AAA Newsroom “Your Driving Costs: The Price of a New Car Ownership Continues to Climb,” September 2024, includes a special analysis comparing the cost of EV and hybrid ownership to gas-powered
• Electrek “BYD $10,000 Seagull EV was the top-selling car in China last month,” September 2024

Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

Check us out on social media:

X (Twitter): @arcenergyinst
LinkedIn: @ARC Energy Research Institute

Subscribe to ARC Energy Ideas Podcast
Apple Podcasts
Amazon Music
Spotify