Despite growing demand for sustainable transportation, range anxiety – the fear of running out of charge – is preventing many from switching to electric vehicles. This is hindering EV sales for automakers and causing low utilization rates for charging infrastructure, ultimately impacting the growth of the entire EV ecosystem.
Toyota Motor North America has joined forces with seven other automakers as an investor in IONNA, a company dedicated to building a nationwide high-powered charging network for electric vehicles. This partnership will provide Toyota and Lexus customers access to IONNA’s growing network of DC fast chargers, contributing to the broader adoption of battery electric vehicles (BEVs).
Zoho CEO Sridhar Vembu has recently taken to social media to share his excitement over his new electric three-wheeler, the Montra from the Murugappa Group. Expressing his satisfaction with its performance, Vembu believes it offers a safe and practical alternative to scooters and motorcycles, particularly for families and urban navigation. He also acknowledges the potential for electric three-wheelers to gain popularity in the consumer market in the future. However, social media users have expressed a range of reactions, with some questioning the aspirational appeal of autos as personal vehicles while others draw parallels to international enthusiasm for similar modes of transport.
While demand for electric vehicles (EVs) has slowed in the United States, a recent survey suggests that it will continue to expand over the long term. According to AlixPartners, 35% of respondents in the US are likely to buy an EV, a figure projected to rise to 48% by 2035. However, consumer concerns about vehicle range and charging availability remain a challenge. In contrast, China is leading the way in EV adoption, with 97% of respondents intending to purchase an EV for their next vehicle.
