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"We're Not There Yet!': The Booming Electric Car Market Still Has A Long Road Ahead Of It

22 Dec 2022 | Abstracted from Forbes

"Electric vehicle sales are at an all-time high and should reach 1 million units in 2023, but will remain de facto luxury purchases...

"Sales of EVs are projected to be about 800,000 units in 2022, accounting for more than 5% of the overall market...It's an impressive figure, but it also means that gasoline-powered autos will still account for more than 90% of sales.

"EVs aren't yet a U.S. phenomenon. They're a California phenomenon."



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