Like it or not, electric vehicles are here and more are coming.
Combined with anticipated entries in the market from start-up automakers like Rivian, Lucid and SF Motors, as well as traditional manufacturers, U.S. consumers are expected to have substantially more choice on the dealership floor over the short-term.
The research institute says EV shipments are predicted to reach year-over-year growth of 28% in 2019.
The coalition says a reformed electric vehicle tax credit will ensure the domestic manufacturing, infrastructure and market of electric vehicles continues to grow.
The Information Trends market research report says China will dominate the market with more than half of global sales.
The report details how the approval of autonomous vehicles will unleash a market grab by existing and new ride-share companies, which will abandon internal combustion engines for A-EVs for purely cost reasons.
