Challenges Hindering Electric Vehicle Adoption in US
Challenges Hindering Electric Vehicle Adoption in US

Challenges Hindering Electric Vehicle Adoption in US

News summary

Electric vehicle (EV) buyers in Delhi have faced a six-month subsidy gap due to the delay in renewing the EV policy, impacting incentives for purchases. Meanwhile, in the US, EV sales are projected to surge by 50%, reflecting a growing market share, yet grid limitations pose challenges for charging infrastructure development. Studies reveal that high EV prices hinder market growth but efforts by automakers to introduce more affordable models, like $25k EVs, aim to address this barrier. Additionally, offering home charging packages could encourage more consumers to opt for battery-electric vehicles, as charging accessibility remains a key concern impacting BEV ownership decisions.

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