Ed Garsten, Senior Contributor at Forbes, joins Inside Automotive to discuss the future of EV adoption, affordability challenges, and the evolving competitive landscape facing the automotive industry.
While rising fuel prices have renewed interest in electric vehicles, Garsten explains why many consumers continue to favor hybrids over fully electric models. He explores the lifestyle changes associated with EV ownership, the growing opportunity in the used EV market, and the affordability pressures influencing vehicle purchase decisions. The conversation also examines the strength of fixed operations, shifting consumer priorities, and the potential impact of Chinese automakers on the U.S. market.
Key discussion points:
• Why consumers remain hesitant to fully embrace battery-electric vehicles
• The role of charging infrastructure, education, and ownership experience in EV adoption
• Growing demand for used EVs and opportunities for dealers
• How affordability pressures are changing vehicle ownership and purchasing behavior
• Why fixed operations continue to benefit from longer ownership cycles
• The competitive threat and opportunities presented by Chinese automakers
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