EV Demand Slows in US, but Long-Term Growth Projected

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.

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